Singapore expertise help to develop Amaravati as world class capital
Author: Desk July 11, 2018
The three-day Singapore tour of Chief Minister N Chandrababu Naidu helped for branding of Amaravati capital in world cities summit and attract large number of companies to invest in Amaravati. Impressed by the vision and administrative ability of Chief Minister world technology giants expressed their interest to enter into a tie up with Andhra Pradesh and set up their units.
On the first day of the tour Chief Minister N Chandrababu Naidu addressing World Cities Summit Mayors Forum showcased Amaravati as investors’ destination. Impressed over the presentation of Chief Minister Asian Infrastructure Investment bank (AIIB) director general of investment operations Pang Yee Ean said that they are willing to work with AP to develop roads, water supply, irrigation and electricity sectors. Lodha group CEO Abhishek Mangal Prabhat Lodha came forward to invest in malls and entertainment sector sin Amaravati. The Chief Minister invited Fotescue metals group of Australia to set up steel plant in Kadapa. It may be noted that Fotescue metals group has come forward to set up a floating storage degasification unit and lithium battery manufacturing unit in AP.
In Addition the SMH Rail of Malaysia and Royal Holdings of Singapore expressed readiness to invest in metro rail manufacturing, infrastructure, entertainment and housing sectors. The Eli Hajaj group expressed interest to set up aero hub in AP to produce 75 per cent of aircraft components and appealed Chief Minister to allot land. The group promised to start production within six months after allotment of land. The Dassaults Systems explained about its plans to reduce day temperature in Amaravati capital region.
On the second day of tour an MoU was signed between Asia Competitiveness Institute-Lee Kuan Yew School of Public policy and Government of Andhra Pradesh in capacity building and to introduce high standards in latest technology. Participating in a panel discussion on “Urbanisation-water, environment and Transport management’’ Chief Minister said Amaravati capital would be developed as a blend of technology, innovation and culture.
On the concluding day of the tour today in a meeting with Singapore Finance Minister Hung Swee Keat, the Chief Minister said that they are planning to increase usage of technology to serve the people better. He said that Singapore has a deep financial strength and AP has skilled manpower. The Chief Minister said that AP is ready to associate with Singapore in skill development initiative. Showering praises on Chief Minister as an able administrator, the Singapore finance minister said that they are happy to enter into tie up with AP.