Andhra Pradesh latest: Govt inks with Singapore

Amaravati, June 08: The AP Capital Region Development Authority (APCRDA) and Singapore-Amaravati Investments Holding Ltd (SAIH) on Thursday signed a Concession and Development Agreement (CADA) in the presence of Chief Minister N Chandrababu Naidu.

Singapore Minister for Communications S Iswaran to develop the start-up area in Amaravati during the 3rd Joint Implementation Committee meeting (JISC) in Vijayawada.

The JISC meeting followed by a one-on-one meeting between Chandrababu Naidu and Iswaran in which they spoke about the teamwork between the Singapore Consortium and the AP government. After the meeting, Naidu addressing the media said the Singapore-Amaravati Investments Holding Ltd (SAIH) was formed to take forward the start-up area development in Amaravati.

The Chief Minister has said the AP government also requires the assistance of the Singapore Consortium to bring in convergence of activities in infrastructure, tourism, education and the service sector. "Catalytic Development should be our medium to bring in more investments and economic activities. Creating an ecosystem to encourage entrepreneurship is important for ensuring sustainability," he said.

Naidu wanted the cooperation of Singapore in developing the tourism sector in Andhra Pradesh. Iswaran has agreed to the proposal of the Chief Minister to send AP students to Singapore under students exchange scheme. They also decided that direct flights between Singapore and Vijayawada should commence in a month. "The first flight from Singapore should land in Vijayawada on July 8," said the Chief Minister.