Amaravati to gets Startup Kick

Amaravathi, May 15: In another major milestone for Andhra Pradesh's upcoming capital city Amaravati, the foundation stone for the Amaravati startup area has been laid.

According to the report, the foundation stone is being laid at Mandadam village with a ceremony attended by Andhra Pradesh Cheif Minister N Chandrababu Naidu, S Iswaran, Singapore minister for trade and industry and a host of delegates.

We already knew that The AP govt signed a MoU with the government of Singapore in December 2014 for the development of Amaravati on the banks of the Krishna river.



Approvals for proposals that the Singapore Consortium submitted for the development of the startup area have been given by the government. This comes under the Swiss Challenge method.

As per the report, the government is proposing to develop 1,691 acres in three phases over the next 15 years. In the first phase, 656 acres will be developed followed by 514 acres in the second and 521 acres in the third phase.