In what is seen as first of its kind and major boost to the new state of Andhra Pradesh, three of the most powerful leaders of the globe are going to grace AP. As per the reports, Prime Ministers of India, Japan and Singapore will be attending the historic moment – stone laying ceremony of the new capital of Andhra Pradesh. Indian Prime Minister Narendra Modi, Japan Prime Minister Shinzo Abe and Singapore Prime Minister Lee Hsien Loong will lay the foundation stone for the capital.
The new capital, Amaravathi, will be build by Singapore with the help of Japanese technology. Mr Naidu is planning to build a world-class smart capital on either side of river Krishna. Of the targeted 35,000 acres, the government has so far procured 32,000 acres from local farmers through the land pooling scheme.
The proposed Capital Region will be spread across approximately 7,325 sq km within the Vijayawada-Guntur-Tenali-Mangalgiri limits. The core capital will extend up to 125 sq km. The government will first develop the core capital by 2018.
Touted to be a gigantic world-class capital, efforts are made to make the capital as an economic powerhouse for the State. Vijayawada and the new capital will be developed as business and trading hubs in IT, ITeS, electronics, auto and agri-processing sectors.
Similarly, a pharmaceutical hub, fabrication hub with focus on rubber and fabricated material, an economic hub with FTZ/SEZ zones, textile, auto, aerospace and IT/ITeS industries, aquaculture hub with logistics park along with an agricultural trading hub with agro-processing and textile industries are proposed around the capital.
On whole, the new capital will be build to attract investments across the globe and turn several heads towards the new state of Andhra Pradesh. PM Narendra Modi said to have lauded AP CM Chandrababu Naidu for his visionary and planning.
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