Latest news with #N.ChandrababuNaidu
The Hindu
a day ago
- Business
- The Hindu
NCC, Shapoorji & Pallonji, and L&T to build five towers in Amaravati at ₹3,673 crore
The 48th Capital Region Development Authority (CRDA) meeting, held under the chairmanship of Chief Minister N. Chandrababu Naidu at the Secretariat on Monday, approved the selection of NCC Limited for the construction of the GAD Tower and Shapoorji & Pallonji and Larsen & Toubro (L&T) for the construction of Head of Department (HoD) Towers 1 and 2, and 3 and 4 respectively at a total cost of ₹3,673 crore. Announcing it in a press conference on Monday, Municipal Administration Minister P. Narayana said NCC emerged as the lowest bidder for the GAD Tower by quoting a sum of ₹882 crore, while Shapoorji & Pallonji and L&T were the lowest bidders for the HoD Towers 1 and 2, and 3 and 4 by offering to build them for ₹1,488 crore and ₹1,303 crore. The CRDA approved the issue of Letters of Agreement to them with the mandate to begin the works immediately. The construction of these five administrative towers had begun during 2014-19 but had come to a grinding halt after the YSR Congress Party (YSRCP) came to power. The NDA government now focused on their construction and cleared all the legal hurdles that came in their way. These towers were so planned that the Ministers and all HoDs concerned would be seated in the same building for the convenience of the public approaching them. Amaravati airport Mr. Narayana said the CRDA also gave permission for the construction of an international airport on 5,000 acres in the capital with a vision for the next 50 to 100 years. An airport of such scale was mainly essential for investors to easily travel to Amaravati, the Minister said, while pointing out that Mr. Chandrababu Naidu's decision to build the international airport at Shamshabad had been heckled by his critics but time proved them wrong. Land for smart industries Further, Mr. Narayana said the CRDA cleared the proposed allotment of 2,500 acres for smart industries in Amaravati that would give a fillip to the value of lands pooled from the farmers. Besides, an international sports city was planned to be developed, and it was decided to extend the rules and regulations applied to the original master plan of 217 square kilometres of the capital region, to more lands which the government contemplated to take through the Land Pooling Scheme (LPS). So far, farmers came forward to give 24,000 acres more under the LPS. Additional funding As far as external funding of the Amaravati project was concerned, Mr. Narayana said the government was hopeful of raising ₹5,000 crore from various banks and lending institutions in addition to ₹15,000 crore already sanctioned by the World Bank and the Asian Development Bank and ₹11,000 crore approved by HUDCO. Asked whether the government was trying to rope in the Government of Singapore (GoS) for the development of Amaravati, he replied in the affirmative, while stating that the GoS officials who helped the A.P. government during 2014-19 in preparing the Amaravati master plan and related activities were sceptical due to bitter experience they had during the YSRCP regime.
The Hindu
a day ago
- Business
- The Hindu
NASSCOM delegation discusses Andhra Pradesh's tech vision with Chief Minister Chandrababu Naidu
A delegation of the National Association of Software and Service Companies (NASSCOM) led by its president Rajesh Nambiar met Chief Minister N. Chandrababu Naidu at the Secretariat on Monday. They discussed the vision for positioning Andhra Pradesh (A.P.) as a leading global technology hub through innovation, talent, and infrastructure. Mr. Naidu said in a message on 'X' that Andhra Pradesh was a compelling alternative to saturated hubs, offering a unique advantages for India's growing tech sector driven by Global Capability Centres (GCCs), Engineering, Research & Development (ER&D) and Artificial Intelligence. He stated that the Andhra Pradesh Government's key initiatives that were deliberated include an AI, Quantum and GovTech Innovation Sandbox for real-world pilot testing, a 100K Tech Apprentice Program for bridging talent gaps, a Coastal Cloud & Cyber Corridor for green data infrastructure, and an Andhra - for - Bharat initiative aimed at scaling rural-tech solutions. The NASSCOM delegation comprised vice-president and Head of Membership & Outreach Srikanth Srinivasan, and Head of ER&D, Siva Prasad Polimetla.
The Hindu
a day ago
- Business
- The Hindu
Jagan criticises Chandrababu Naidu's fiscal management, highlights increased debt ratios and lack of development
Reacting to Chief Minister N. Chandrababu Naidu's claims on government debt, YSR Congress Party (YSRCP) president and former Chief Minister Y.S. Jagan Mohan Reddy said the fiscal deficit to Gross State Domestic Product (GSDP) ratio increased from 4.08% to 5.12% in the last one year, and wondered if Mr. Naidu really has a deep understanding of governance and what his long experience has delivered. In a message on 'X' on Monday, Mr. Jagan stated that the NDA government in Andhra Pradesh raised a debt equivalent to 44% of the total debt which the YSRCP government had availed of in five years despite the fact that during the one - year period, the NDA Government had nothing much to show with respect to development or welfare. He observed that the figures released by the Comptroller & Auditor General and the Ministry of Statistics and Programme Implementation revealed shocking facts about the inefficient fiscal mismanagement of the NDA government. Mr. Jagan noted that the revenue deficit to GSDP ratio jumped from 2.65% to 3.61%, and the debt to GSDP ratio stood at a staggering 35.64% in spite of the absence of any adverse circumstances such as the outbreak of COVID, and only 23.49% of borrowings were used for capital expenditure in 2024-25, compared to the YSRCP Government's 33.25%.
The Hindu
a day ago
- Politics
- The Hindu
Andhra CM, Pawan Kalyan wish people on the occasion of Telangana Formation Day
Conveying his best wishes to the people of Telangana on the occasion of the 11th Telangana Formation Day on Monday (May 2, 2025), Chief Minister N. Chandrababu Naidu stated in a message on 'X' that though Andhra Pradesh (AP) and Telangana were separate States, Telugu people have a common identity and wherever they were, they should prosper with dignity. Mr. Naidu wished that the people of Telangana should be happy, and achieve progress in all walks of life, and expressed hope that both the Telugu States would compete with each other in development and reach the top position in India by the year 2047. He asserted that the Telugu identity would stand the test of time, and called upon every Telugu citizen to take part in this journey. In his message, Deputy CM K. Pawan Kalyan said Telangana was the land that gave birth to his Jana Sena Party, and filled him with a fighting spirit. Telangana came into existence due to the fond hopes and aspirations of 3.50 crore people, after decades of struggle, and with the sacrifices of youth. He conveyed heart - felt wishes to the people of Telangana as it completed 11 years of its formation, and hoped that the State would surge ahead on the path of welfare and development.
The Hindu
2 days ago
- Politics
- The Hindu
Jagan Mohan Reddy objects to supply of ration goods through fair price shops
YSRCP president Y.S. Jagan Mohan Reddy has opposed the government's decision to supply ration through the fair price (FP) shops instead of mobile dispensing units (MDU). In a post on X on Sunday, Mr. Jagan Mohan Reddy said the government's decision would create hardship to the poor. 'The government is pushing onto the road nearly 20,000 BC, SC, ST and minority people, who rely on the 9,260 MDUs introduced by the YSRCP government,' he said. The TDP had promised to pay ₹10,000 per month to the volunteers if it was voted to power. Soon after coming to power, the government withdrew their services. In the name of rationalisation, the government was acting with a vengeance against the village and ward secretariats. Village Clinics, family doctor services, and RBKs were weakened, he said. 'People are facing serious difficulties in getting government services. Due to this foolish move, their difficulties have increased further,' he alleged. Moreover, 20,000 employees who depended on these vehicles had been hit hard, he said. They were not shown any alternative, he added. In all, three lakh people, who included 2.6 lakh volunteers and those laid off in the AP Beverages Corporation and AP FibreNet, lost their jobs, he said. 'Only Chief Minister N. Chandrababu Naidu can destroy so many families in a year of rule,' he added.
