Singapore has come forward to work with the Government of Andhra Pradesh in development of infrastructure and the move to set up a new capital and other smart cities.
A delegation led by former Prime Minister of Singapore Goh Chok Tong met with Andhra Pradesh Chief Minister N. Chandrababu Naidu on Monday and offered support in developing the new capital and setting up of new infrastructure projects.
During the interaction, the State Chief Minister was assured support from the Government of Singapore and suggested ways to raise funds, according to a statement from the Chief Minister’s Office.
The Chief Minister outlined the State Government plans to the delegation in transforming Andhra Pradesh into a logistics and manufacturing hub. The delegation was briefed about AP’s plan for ports, airports, highways, industrial nodes in Vizag-Chennai and the Chennai-Bengaluru Industrial Corridors.
Opportunities for investment in the petrochemical corridor and move to develop smart cities and the State’s efforts to promote tourism in a big way were highlighted.
The delegation offered to share their experience in the design of the new capital city and ensured that it would encourage Singapore-based companies to participate in various port, airport, industrial and tourism projects.
The Singapore delegation suggested to the Chief Minister that funds could be tapped from the proposed Asian Infrastructure Investment Bank (AIIB) to be set up with China, Singapore and several other countries including India, as founder members.
The delegation extended an invitation to AP Chief Minister to visit Singapore.