Union Finance Minister Nirmala Sitharaman has sanctioned ₹730 crore for the construction of the country’s second National Academy of Customs, Indirect Taxes & Narcotics (NACIN) and will lay the foundation (Bhumi Puja) for it on March 5 at Palasamudram in Anantapur district.
Chief Minister Y.S. Jagan Mohan Reddy is also expected to attend the ‘Bhumi Puja’ in the 35-acre site of NACIN on the northern bund of the Palasamudram tank.
The academy was sanctioned in 2014 as part of the promises under the Andhra Pradesh Reorganisation Act and the then Union Finance Minister Arun Jaitley had laid the foundation stone on April 11, 2015.
