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Andhra Pradesh has a new capital, Amaravati

  • Prime Minister Narendra Modi laid the foundation stone for Amravati, the new capital city of Andhra Pradesh.
  • Pitched as a world-class riverfront capital city, Amaravati will be an energy-efficient and green city with concentration on industrial hubs.
  • Amaravati will be a benchmark for the development of new cities and implementation of new technologies for creation of jobs and revenue, Modi said.
  • The State Government had extended personal invitations to over 20,000 farmers spread across 25 villages in Thullur, Tadepalli and Mangalagiri mandals who had parted with more than 33,000 acres with their lands as part of Land Pooling Scheme (LPS).
  • The Centre would provide funds for construction Of legislature buildings as per the Andhra Pradesh Re-organisation Act, the state government has plans to set up hubs of sports, entertainment and in other fields to promote economic activity.

Highlights

  • Japan State Minister of Economy, Trade and Industry (METI) , Yosuke Takagi and Chief Minister Chandrababu Naidu signed a MoU on development of new capital city and industry cooperation.
  • Under the pact, an Andhra Pradesh Investment Task Force (APITF) will be set up in Japan for accelerating industrial development in A.P.
  • Japan Bank for International Cooperation Director General (Social Infrastructure) Noriko Nasu and AP Principal Secretary (Finance) P V Ramesh sign MoU for facilitating foreign investments in new capital and region.
  • A.P has requested the Japanese Government to extend technical assistance for developing a masterplan on such strategic sectors as transportation infrastructure in the new capital area.
  • Singapore government agencies have prepared the master plans for the three-layered capital- seed capital, capital city and capital region.

Source: EconomicTimes, TheHindu

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