Singapore-based Ascendas-Singbridge Pvt Ltd and Sembcorp Development Ltd were awarded a contract by the Andhra Pradesh government to act as the master developer for a start-up area, spanning 1,691 acres, to be built in the capital city of Amaravati.
The Rs528 crore project will be completed in three phases over a span of 15 years. For the speedy implementation of the project, a high-level joint implementation steering committee (JISC) will also be formed.
The JISC will be co-chaired by the AP CM chief minister N. Chandrababu Naidu and Minister of trade and industry of Singapore govt S.Iswaran.
Important Takeaways from above News for BOB PO Exam-
- CM of Andhra Pradesh is N. Chandrababu Naidu and the governor is E.S.L Narasimhan
- Capital of Andhra Pradesh is Amaravati
- PM of Singapore is Lee Hsien Loong and Currency of Singapore is Singapore Dollar.
Source- The Hindu
If you have any other takeaways, do share with us in the comment section