Andhra Pradesh ropes in Singapore firms to develop start-up area in Amaravati

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

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