The Andhra Pradesh government is fully committed to developing Amaravati as the state’s multi-faceted capital. Chief Minister N. Chandrababu Naidu and the top leadership are pushing ahead aggressively to turn this long-awaited vision into reality.
In a major move toward establishing Amaravati as the financial hub of Andhra Pradesh, the government is organizing a mega program today, November 28. As part of this initiative, the foundation ceremonies for 25 banks will be held in the Amaravati region on the same day — a landmark event in the state’s history.
Union Finance Minister Nirmala Sitharaman is attending this prestigious event. She arrived in Andhra Pradesh last night and was warmly received by CM Chandrababu Naidu. Reportedly, the Union Minister is highly impressed with the state’s ambitious proposal and is keenly looking forward to the groundbreaking ceremony.
The CRDA has already completed all necessary permission and allocation processes for this large-scale project. With 25 major banks launching their operations in Amaravati in close proximity, the city is poised to take a giant leap toward becoming a financial powerhouse.
Given the strong backing from the Andhra Pradesh government, there is a strong possibility that many of these banks will prioritize Amaravati and expand their operations from the new capital region. This mega event is expected to serve as a crucial step in transforming Amaravati into a vibrant financial hub.
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