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NRIPage | Articles | Amaravati Capital Project Rebuilds Momentum Under Chandrababu's Leadership with Adani Group | Get Real Estate News in USA. Explore Real Estate Trends & Property Insights - NRI Page
The ambitious rebuilding of the Amaravati capital project has resumed after a five-year hiatus, fueled by the renewed leadership of Chandrababu Naidu under the NDA government. With significant financial backing, the project is set to gain momentum once again.
Chandrababu has successfully secured Rs 15,000 crore in financing through the World Bank and an additional Rs 11,000 crore from HUDCO. In a significant development, the deep-pocketed Adani Group has also come on board to bolster the Amaravati project.
In a recent meeting, CM Chandrababu hosted a delegation from the Adani Group, including Mr. Rajesh Adani, MD of Adani Exports Ltd., and Adani Kiran, MD of Adani Ports and SEZ Ltd. The discussions centered around a range of investment opportunities in Andhra Pradesh, with a strong focus on comprehensive growth across key sectors such as ports, mining, ring roads, IT, tourism, and artificial intelligence.
The Adani Group expressed its commitment to not only rebuilding Amaravati but also contributing to the vision of a futuristic Andhra Pradesh. With phase one of the rebuilding now financially viable, the collaboration with Adani brings logistical, technological, and operational expertise that could help Amaravati reclaim its status as a vibrant capital.
With Chandrababu Naidu's resilient leadership, the Amaravati project stands at the threshold of a new golden phase, promising significant advancements in infrastructure and economic development for the state.
