Hyderabad: As his administration proceeds to recommend the Amravati Capital Construction Works later this month, Andhra Pradesh Chief Minister N. Chandrababu Naidu again entice investors in Singapore to help in the development of his dream project.
During its earlier tenure in the government, TDP had brought it to a Singapore Consortium in 2017 under the aegis of the city-state government, which was later shown in 2019, till then, till then, he had brought all the activity to the Halt in the amarvati venture of Nidu as CM and YSRCP leader Jagan Mohan Reddy.
With Jagan’s exit and Naidu back in the insect, in Amravati, near the river Krishna, near Vijayawada, the only capital of Andhra Pradesh has been in the news since last year.
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Three in YSRCP’s unrealistic plan: Visakhapatnam was as an administrative capital, as a Kurnool judicial capital and as a legislative capital as Amravati.
1 lakh crore rupees Mega Amravati Project, Naidu’s blueprint, a greenfield, AI, tech-infused, the world-class capital to work as the development engine of Hyderabad’s Hyderabad’s Hyderabad and Hirra Pradesh, is now on Anville again.
The vision is to develop the main capital on the lines of Singapore.
The large -scale project is expected to be identified once again by Prime Minister Narendra Modi once again, in the third week of April, another grand ceremony. The first foundation for Amravati was laid by Modi during his first term in October 2015.
On Thursday, Naidu, along with a delegation from Singapore, met with a delegation led by Francis Chong, Senior Director, Ministry of Trade and Industry, Singapore.
While the state government did not disclose the result, a senior bureaucrat told Thrint that the meeting was the highest of such more such meetings to bring back the Singapore firms on the board, and ended on an encouraging note “.
The official said, “The Singapore team is harassing some difficult feelings and misunderstandings and appropriately for the way to get out of the project in this way. But for the fact that they came here in all ways to talk, showing desire to join Amravati’s development again,” the official said.
A day earlier, on Wednesday, the Delegation of Singapore, the Chief Secretary of Andhra Pradesh. Vijayanand, Municipal Administration and Principal Secretary of Urban Development Department Suresh Kumar, Commissioner of Development Authority of AP Rajdhani Region. Discussed the subject with Kannababu and other officials.
Vijayananda emphasized Amravati capital formation as the priority of the state and informed them about resource availability from the Center, and agreements made with the World Bank, Asian Development Bank and other institutions for funds, while according to a communication of the state government, he demanded renewal of the Singapore government’s support.
Suresh Kumar apprised the delegation Naidu government’s resolve to build Amravati, and to make it sustainable and among the most living cities in the world.
Singapore’s representative Chong, Theprint has learned, saying that they will make every effort to restore cooperative partnership with Andhra Pradesh on the development of Amravati.
Also read: As Amravati said with the return of Naidu, the villagers celebrate and calculate the infra firms
Previous engagement of Singapore
In November 2019, months later he participated in power in a landslide victory over Naidu, then CM Jagan ended his son Noire’s proposal to develop a financial center like Singapore in the planned city of Amravati, even sheltered the entire capital functions.
To model Amravati on the lines of the Startup Area Development Project, Singapore, the city-state consortium was to be developed in partnership with the Andhra Pradesh government on a 58:42 percent equity-sharing basis.
Designed to serve Amravati as a catalyst, the project was planned in an area of 1,691 acres, aimed at generating 2.5 lakh jobs, welcoming 1.25 lakh families, tax revenue of about Rs 10,000 crore annually and Rs 1.15 lakh crore to the state GDP.
In May 2017, a contract was signed between Singapore and Andhra Pradesh governments for this purpose and as master developers for the project, Eskandas-Singbridge and Sembcorp were attached to a Singapore Consortium of development.
A special objective vehicle, Amravati Development Partner (ADP), was still established with the Amravati Vikas Nigam of the State Government.
However, the YSRCP government abolished the start-up sector project in 2019 that Naidu had planned for the then Singapore Minister, trade relations.
Despite the cost of “a few millions of dollars” due to the expiration, the Ministry of Trade and Industry of Singapore then said that “the closure is based on mutual consent between GOAP (State Government) and Singapore Consortium”.
In White paper on Amravati Released last year, Naidu said that with all agreements, MoU cancellation with the Singapore Consortium resulted in a loss of Rs 2,500 crore in investment.
Another top bureaucrat, part of Naidu’s meeting with the representatives on Thursday, said, “Instead of re -watching that bitter episode, our immediate, full attention was on the reconstruction of good relationships, and they were already coming on the board as a prominent partner. CM expressed his eagerness for the team to Epinjapur.”
Positive signal from Singapore
Singapore is indicating some positive signals when renewed partnership for the development of Amravati. On July 23 last year, the Union Budget Day, Singapore’s High Commissioner Simon Wong expressed happiness at the X for Amravati at a “Rs 15,000 crore”. Union Finance Minister Nirmala Sitarman then proposed to facilitate special financial assistance through multilateral development agencies.
On 31 July, Singapore Consul General in Chennai, Edgar Pang Tz Chiang, called Naidu in Amravati, which was also seen as a positive sign of Singapore’s will to re -organize with Andhra Pradesh. In State Budget for 2025-26The Naidu government has allocated Rs 6,000 crore for the Amravati Capital City Project.
MA and UD Minister P. Narayan announced in the state legislature last month that Amravati development is ready to get Rs 31,000 crore from various organizations.
Of this, Rs 15,000 crore is from the World Bank and ADB, which is Rs 11,000 crore from the Housing and Urban Development Corporation (HUDCO), while the German state -owned KFW Bank will give a loan of Rs 5,000 crore.
(Edited by Nida Fatima Siddiqui)