Singapore’s trade agency, International Enterprise Singapore, (IE Singapore)’s South East Asia department with two teams of ten and 15 employees has arrived in Hyderabad this weekend to start design work for the capital to be constructed from scratch for the recently split state of Andhra Pradesh, India’s 8th largest state.
The move comes after a memorandum of understanding was signed a month ago between the Infrastructure Corporation of Andhra Pradesh and IE Singapore, which will see the latter not only design the masterplan for the city’s construction in sixth months-time but also train Andhra Pradesh officials in urban governance.
Construction works are to start immediately after the design is finalized and expected to last three years. Singapore companies are already in the league for construction projects.
Reports of Japanese firm interest in the project were also echoed in the press and Japanese imperial family has paid Mumbai a visit last month.
Local press reported on Saturday that the administration of the Andhra Pradesh state’s central district, which will be home to the new capital, had already acquired nearly 2,500-3,000 acres (10-12 kilometers) from farmers for the project around the Vijayawada-Guntur stretch.
Andhra Pradesh has plans to drive its’ economic prospects through logistics infrastructure, basic utilities, develop hospitality infrastructure and create industrial parks. Singapore’s Sembcorp Industries are already present in the power and offshore marine sectors there, as well as Ascendas.
Further news from both parties of the MoU are expected 6:30pm India time.