Andhra Pradesh government scraps plan to develop start-up area in Amaravati
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Andhra Pradesh government scraps plan to develop start-up area in Amaravati

By New Indian Express calender  12-Nov-2019

Andhra Pradesh government scraps plan to develop start-up area in Amaravati

  • The Andhra Pradesh Government has dropped the plan to develop 6.84 km as a start-up area in the capital city of Amaravati. 
     
  • This plan was supposed to be executed with Singapore Consortium, but for now, the agreement has been terminated.
     
  • Minister-in-charge of Trade Relations S Iswaran said that the Singapore Consortium was appointed in 2017 to help develop the 6.84 km start-up area of its new capital city Amaravati.
     
  • Previously, Naidu’s TDP government had tied up with Singapore Consortium to develop the start-up area to boost development in the proposed capital. 
     
  • The Singapore Government has also issued a statement saying, “The closure is based on mutual consent between the GoAP and the Singapore Consortium.’’

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