Rs 1000 crore Special Funds for AP

On a whirlwind tour of Singapore, Andhra Pradesh chief minister N Chandrababu Naidu is hard selling the recent World Bank ranking that hailed the southern state as one of the most preferred business destination.

Naidu “For the cause of alternative the farming industry, I’m willing to let go of my life” that as well treated onto the Union Government inside a website tranquil by him before suicide on Tuesday consuming pest control.

For the goal of the development of backward districts in Andhra Pradesh the Centre has announced a special package of Rs 1,000 crore to Andhra Pradesh for the current financial year.

Replying to the Chief Minister, the Prime Minister said that Singapore would support Andhra Pradesh and would share whatever expertise and experience it has.

Singapore government agencies have prepared the Master Plans for the three-layered AP capital – seed capital, capital city and capital region.

In the last fiscal, the Centre already released Rs. 4403 crores as the financial assistance and the latest Rs. 1000 crores is in addition to the amount, which was announced ahead of the Prime Minister Narendra Modi’s visit to the AP, for laying the foundation stone, for the greenfield capital city at Amaravati.

Further, the Chief Minister also told Loong that Singapore could extend help in building the state’s infrastructure and support Andhra Pradesh in making it a knowledge economy. “We need your support”, he added.

“Having regard to the resource availability, the Central government is required to make appropriate grants and also provide adequate benefits and incentives in the form of special assistance to the backward areas of states”, said the release.

Loong also lauded the Chief Minister’s efforts in pooling land for the capital. Naidu explained the main features of Amaravati and how it will be constructed as a “sustainable and smart city for future generations”.

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Naidu’s delegation comprised of Finance Minister Y Ramakrishnudu, Municipal Administration Minister P Narayana, Adviser (Communications) Parakala Prabhakar and other senior officials.