1. Andhra Pradesh mulls crowd funding to develop Amaravati

Andhra Pradesh mulls crowd funding to develop Amaravati

The Andhra Pradesh government is exploring the possibility of launching a unique crowd-funding initiative to develop its capital city, Amaravati, coming up in the Vijayawada region.

By: | Hyderabad | Published: October 2, 2015 12:00 AM

The Andhra Pradesh government is exploring the possibility of launching a unique crowd-funding initiative to develop its capital city, Amaravati, coming up in the Vijayawada region. Under the crowd-funding initiative, people would get their names engraved on a “digital brick” for having made a contribution to the capital city.

The idea was discussed in a meeting chaired by chief minister N Chandrababu Naidu on the arrangements for the foundation stone laying ceremony to be held on October 22. Prime Minister Narendra Modi is expected to attend the function, falling on the eve of Vijaya Dasami and the state government is planning to make it a grand event. “This will bring a sense of ownership of the capital,” Naidu said.

The state is faced with dwindling finances and a huge task of building capital city. The investment needed for the capital is about R4 lakh crore, according to rough estimates made by the CM. He has asked the officials to expand the capacity of the event site to accommodate over one lakh people as a large number of people are expected to turn up. The event would also have a special performance called “Raithu Vandanam”, thanking farmers for their contribution to the capital.

The state, which has pooled about 33,000 acres for the capital, would be using half of it for common infrastructure, while ‘the capital complex’ would occupy about 7,500 acres.

Singapore has already prepared master plans for the three-layered administrative headquarters of Andhra Pradesh — the seed capital, capital city and the capital region.

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