Amaravati, Nov 13 (UNI) The Start-up Area Project within Amaravati city was closed as it was not found feasible and the Singapore Consortium and the State Government had mutually agreed to call it off.
Andhra Pradesh Minister for Finance Buggana Rajendernath said it was not found feasible to take up such a huge project which involved huge investment which does not match the proposed development.
A Start-up Area Project within Amaravati city, was proposed to develop an area of about 16.91 acres by a company called Amaravati Development Partners Limited which in turn consisted of a few Singapore companies namely Ascendas Sinbridge and Sincorp and Amaravati Development Corporation belonging to the Andhra Pradesh Government,”, he informed.