Late Shri. Velagapudi Rama Krishna ICS, a top bureaucrat and civil servant had conceived the idea of promoting agro based industries, when he was director of industries, Madras state. By virtue of his position as director of industries, he had exposure to the industrial sector which prompted him to take over the sugar Factory in 1941 at Vuyyuru which was not doing well. The sugar factory was of 600 TCD and it was christened as The K C P Sugar And Industries Corporation Ltd. He was a source of inspiration to many entrepreneurs to setup sugar industries in Andhra Pradesh. Some of them are Andhra Sugars, Sarwaraya Sugars and Deccan Sugars.