BREAKING NEWS

Singapore Consortium closes Amaravati "Start-Up Area" Project

In another huge blow to development of Amaravati as the Andhra Pradesh state capital, a consortium of Singapore companies closed the Amaravati Capital City Startup Project.

Andhra Pradesh Minister for Municipal and Urban Development, Botsa Satyanarayana on Tuesday said the "project was called-off with mutual consent after there was no satisfactory answer to the concerns we have raised".

"We had asked the Singapore Consortium (comprising Ascendas Singbridge Pte Ltd and Sembcorp Development Ltd) about the benefits the state would get out of the project and why the delay in the project," the minister said.

He claimed that there was no progress in the required measure and set parameters in the capital area region.

Satyanarayana said that