Amaravati Needs Up To $4 Trillion To Develop, Says Chandrababu Naidu
Andhra Pradesh Chief Minister N Chandrababu Naidu today said his government has envisaged an investment up to $4 trillion for the development of Amaravati, the greenfield capital city.
“Our infrastructure development plans need $2 to 4 trillion. Today the Centre is estimating only $1 trillion for infrastructure development,” Naidu said after the listing of the Amaravati Bond on the Bombay Stock Exchange. “But for Amaravati, we don't see any problem in mobilising even $2 to 4 trillion.”
He said raising funds isn't a problem if there's proper decision making and execution mechanism. “If there is no trust and no proper policy framework, there could be a problem (in raising funds).”
The Andhra Pradesh government early this month had raised Rs 2,000 crore by issuing the ‘Amaravati Bond 2018', that was oversubscribed a record 1.53 times.
Naidu said his government has always adopted new approaches to fast-track development and opened up funding options for development of Amaravati.
The success of the Amaravati Bond 2018 reflects the investor confidence in my government and the development of AmaravatiChandrababu Naidu, Chief Minister, Andhra Pradesh
Naidu said Amaravati will be the most liveable place, having electric vehicles and self-sustained and green buildings with central-cooling systems. He added the state's economy should touch $1 trillion by 2029.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
