BREAKING NEWS

Work on ADP’s economic cluster begins in Andhra Pradesh

Amaravati Development Partners (ADP), a joint venture between the Government of Andhra Pradesh and a Singapore consortium, took the first step to develop an economic cluster here with the commencement of work on the Welcome Gallery today. 
 
An exhibition-cum-community centre is being developed by Singapore Amaravati Investment Holdings (SAIH) and the Amaravati Development Corporation (ADC). SAIH is a wholly-owned joint venture company of Ascendas-Singbridge Andhra Investment Holdings and Sembcorp Development India.
 
In this regard, Chief Minister N. Chandrababu Naidu and Singapore Minister for Communications and Information and Minister-in-Charge of Trade Relations, S. Iswaran unveiled a commemorative plague.

The Welcome Gallery is coming up in a sprawling area 2.6 hectares, with a built-up area of 4,080 square metres. It is being constructed keeping future needs in mind, to accommodate around 2,000 to 3,000 visitors daily.
 
The Welcome Gallery will consist of exhibition, community and engagement zones as well as co-working spaces to house start-ups. Besides serving as a one-stop information centre for all visitors, it will also be a focal point for companies to showcase their sustainable urban solutions concepts, as well as function as a business promotion platform, through the hosting of various national and international level events and exhibitions.
 
The Welcome Gallery forms part of the larger Catalytic Development Area and will play an integral role in generating economic activities in the region, which will spread across the entire Start-Up Area over time, said Sreedhar Cherukuri, Commissioner, Andhra Pradesh Capital Region Development Authority (APCRDA).
 
The 20-hectare Catalytic Development Area is developed as part of the Phase 1 of the Start-Up Area, and will comprise 75,000 sq m of office, residential and retail spaces.The Start-Up Area has a total development land area of 6.84 sq.km, which will be developed in three phases over the next 20 years.
 
Meanwhile, ADP has also announced that 15 companies and institutions from Germany, India, Japan and Singapore have entered into an MoU with it as partners in the areas of smart buildings, smart energy, smart environment, and smart collaborations.

“These companies and institutions are leaders in their respective fields, and we believe that they will add significant value to the development of the Welcome Gallery,” said ADP Chairperson Nina Yang.

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