ANDHRA PRADESH, India: Singapore on Monday (Jul 20) handed over the final part of a blueprint for Amaravati - the new capital city of the Indian state of Andhra Pradesh.
This marks the completion of a government-to-government agreement reached last year, under which Singapore undertook the task of planning the capital's layout.
The final phase of this masterplan involves drawing up a vision for an almost 17-square-kilometre area representing Amaravati's core, which will contain government buildings, residential and commercial developments and possibly light industries.
With the masterplan done, Singapore firms will have opportunities to participate in creating a new capital, according to Second Trade and Industry Minister S Iswaran.
Already, industrial solutions provider Sembcorp and urban development firm Ascendas-Singbridge have expressed interest in being part of Amaravati's growth.
"The Andhra Pradesh government will run a process, and our companies will participate in that," said Mr Iswaran. "I think the significance for Singapore and our companies of this next phase really is that - first, there is interest from our companies to participate in this because they see this as an opportunity that plays to their strengths, having developed similar sorts of industrial parks and other larger townships in various parts of Asia, including in India.
"Secondly, I think it also creates opportunities for other Singapore companies to get involved because this is a large-scale project."
The Amaravati project is expected to contribute to growth in the Andhra Pradesh region by creating opportunities for foreign companies and investors in a variety of industries.
By 2050, Amaravati is expected to be home to over 10 million people working in diverse sectors, including government, agriculture and Information Technology.