Amaravati achieves yet another milestone at Partnership Summit 2017

  • 65 MoUs signed with APCRDA worth a total of Rs 1.4 lakh crore
  • Set to create 2.01 lakh potential jobs
  • About 64 per cent of the investments signed for developing Infrastructure for the new Capital

Dara Gopi

Amaravati: The two-day AP Partnership Summit in association with CII, held at Visakhapatnam on January 27th and 28th, had turned out to be a boon to the new Capital of Andhra Pradesh. Amaravati was able to muster greater investment flow at the summit, this year. The APCRDA had signed 65 MoUs with various organizations to mobilise about Rs 1.4 lakh crore and create 2.01 lakh jobs in Amaravati, CRDA commissioner Cherukuri Sreedhar revealed in a press release on Thursday.

While the total two-day summit had resulted in the AP government singing 665 MoUs worth Rs 10.54 lakh crore, the APCRDA alone signed 65 of them worth Rs 1.4 lakh crore across 11 industry sectors. Out of the 14 departments that have signed MoUs during the two days, the APCRDA stood in sixth place after food processing with 177 MoUs, followed by Industry department with 91 MoUs, Tourism with 69, IT with 67 and AP Economic Development Board with 66 MoUs.

The APCRDA Commissioner had signed the MoUs with the partners in the presence of Chief Minister N Chandrababu Naidu during the two-day summit. Among the 65 MoUs that have been signed for Amaravati, Infrastructure development registered about 64% investments from globally acclaimed industry players. On the total no. of potential jobs creation front, Infrastructure, Mixed-use real estate and Healthcare sectors stood the top three with about 28 per cent, 27 per cent and 20 per cent jobs respectively to be created through their investments.

The Chief Minister had congratulated APCRDA team on achieving this milestone in the new greenfield capital’s development. He advised the APCRDA team to swiftly proceed in the direction of making the MoUs a reality and also in making Amaravati a global destination for investments.

Leave a Reply

Your email address will not be published.