Finally, the development works of AP’s capital Amaravati have begun. Amaravati Development Partners (ADP), a joint venture between the AP government and a Singapore consortium, began the first step to develop an economic cluster here with the commencement of work on the Welcome Gallery on Thursday.
An exhibition-cum-community center, it 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.
The commemorative plaque was unveiled by AP CM Chandrababu Naidu and Singaporean Minister for Communications and Information and Minister-in-Charge of Trade Relations, S. Iswaran.
The Welcome Gallery is coming up on 2.6 hectares of land. With a built-up area of 4,080 square meters, it can accommodate 2,000 to 3,000 visitors daily.
It will consist of exhibition, community and engagement zones as well as co-working spaces to house start-ups.
Several representatives from various companies have come forward to invest in Amaravati and AP government had a Memorandum of Understanding with 15 companies.