APCRDA inks MoU with NaBFID to chart financial roadmap for Amaravati infrastructure push
The agreement was formalised in the presence of Chief Minister N Chandrababu Naidu. NaBFID will serve as a strategic advisor, assisting APCRDA in crafting a robust financial blueprint for Capital Amaravati's infrastructure development.
The partnership focuses on formulating financial strategies, evaluating implementation models such as Public Private Partnership (PPP), and identifying revenue streams, including monetisation options for land assets.NaBFID will also support APCRDA in developing financial models, and engaging stakeholders and potential investors to ensure sustainable project execution. The collaboration aims to create an effective financial roadmap aligned with Amaravati's long-term development goals, fostering structured growth and world class urban infrastructure.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
18 hours ago
- New Indian Express
APCRDA inks MoU with NaBFID to chart financial roadmap for Amaravati infrastructure push
VIJAYAWADA: The Andhra Pradesh Capital Region Development Authority (APCRDA) signed a Memorandum of Understanding (MoU) with the National Bank for Financing Infrastructure and Development (NaBFID) on Friday for Transaction Advisory Services (TAS) for infrastructure projects in Amaravati. The agreement was formalised in the presence of Chief Minister N Chandrababu Naidu. NaBFID will serve as a strategic advisor, assisting APCRDA in crafting a robust financial blueprint for Capital Amaravati's infrastructure development. The partnership focuses on formulating financial strategies, evaluating implementation models such as Public Private Partnership (PPP), and identifying revenue streams, including monetisation options for land will also support APCRDA in developing financial models, and engaging stakeholders and potential investors to ensure sustainable project execution. The collaboration aims to create an effective financial roadmap aligned with Amaravati's long-term development goals, fostering structured growth and world class urban infrastructure.
New Indian Express
18 hours ago
- New Indian Express
AP Chambers urges CM Chandrababu Naidu to halt raw human hair exports, flags threat to domestic industry
VIJAYAWADA: The Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers) has submitted a representation to Chief Minister N Chandrababu Naidu urging his intervention to halt the export of raw human hair (HS Code 05010010), especially Non-Remy (Comb Waste/Goli/Chutti) hair, to safeguard the domestic human hair industry. 'In the last 10 years, China has started reducing imports by smuggling Non-Remy (Comb Waste Hair) through Myanmar, Bangladesh, and Nepal, where it is processed with child labour and again smuggled into China to avoid duties,' the AP Chambers explained. Despite a ban in March 2022 by the Directorate General of Foreign Trade (DGFT), exports resumed shortly after, including by previously blacklisted traders. Non-Remy Hair forms 85% of total exports, and only 15 per cent of hair is Remy Hair, sourced from temples, which is sold either directly or through auction by temples. The AP Chambers pointed out that the Indian human hair extension and wig industry, currently valued at Rs 8,000 crore, has the potential to grow to Rs 30,000 crore in the next decade. The industry, which has a major presence in Madepalli and Eluru, provides employment to over 10 lakh women across rural India.
Hindustan Times
21 hours ago
- Hindustan Times
Land pooling for Amaravati put on hold
The Andhra Pradesh government has decided to put on hold the process for the pooling of around 42,226 acres of additional land for the second phase of Amaravati capital city development, following resistance from the farmers in the villages, officials familiar with the development said on Friday. Land pooling for Amaravati put on hold The decision was taken at the state cabinet meeting chaired by chief minister N Chandrababu Naidu on July 9. 'The pooling of additional land for the capital was to be decided by the cabinet, but it was decided to keep the decision in abeyance, as some ministers expressed apprehensions over the negative fallout of the decision,' an official of the municipal administration and urban development (MAUD) department, privy to the matter said. He said the cabinet decided to refer the matter to a group of ministers that is currently engaged in allotment of land to various entities in Amaravati capital city to 'talk to and convince the farmers.' It was only July 1 that state municipal administration and urban development principal secretary Suresh Kumar issued the gazette notification on Andhra Pradesh Capital Region Land Pooling Scheme (Formulation and Implementation) Rules – 2025. The notification was aimed at acquiring the required land from farmers belonging to 28 villages in four revenue blocks of Guntur and Palnadu districts around the present Amaravati capital region for the development of additional infrastructure projects like airport, railway lines and roads. It was proposed to acquire 7,257 acres from the farmers under the second phase of land pooling system in Tadikonda mandal (block), 10,878 acres in Thullur mandal, 19,504 acres in Amaravati mandal and 4,586 in Pedakurapadu mandal. 'The lands will be acquired from the famers after taking their written consent by conducting gram sabhas,' said Kumar. As per the notification, the authorities would invite objections and suggestions from the stakeholders and they must verify their ownership and rights, and then submit a surrender form. An APCRDA functionary confirmed that the conduct of gram sabhas in the villages where the land was proposed to be acquired was put on hold till further orders from the government. 'It is for the government to take a call on the additional land acquisition,' the functionary said. During the cabinet meeting, some of the ministers brought to the notice of the chief minister that the farmers were raising a lot of queries in the gram sabhas and opposing the additional land acquisition, even as the first phase of Amaravati work has just started, said the MAUD official quoted above. 'Let us first concentrate on completing the first phase of Amaravati in the next three years, which will create a positive image for the government. Till now, the farmers who gave away their lands to the first phase of the capital city project haven't got their returnable plots and there was no visible development of infrastructure in their layouts,' a cabinet minister said. Another minister pointed out that if the layouts in the first phase were completed and fully developed plots given to the farmers concerned, it would give some kind of assurance for the farmers in the surrounding villages. 'We can then think of pooling additional land for Amaravati 2.0,' he said.
