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Amaravati launches Welcome Gallery to kickstart economic activity

IANS  |  Amaravati 

Taking the first step to kickstart development of economic hub of the upcoming Pradesh capital, Development Partners (ADP), a joint venture between the Pradesh government and a consortium, on Thursday commenced the work to build the

An exhibition-cum-community centre, it is being developed by Investment Holdings (SAIH) and the Development Corporation (ADC).

SAIH is a wholly-owned joint venture company of Ascendas-Singbridge Investment Holdings and Sembcorp Development

The commemorative plaque was unveiled by and Singaporean and Information and Minister-in-Charge of Trade Relations,

Naidu described it as the beginning of efforts to turn the plans for Seed Area development to reality. He said things were happening to make develop Amaravati as one among the top 5 capital cities in the world with the help of He said was being developed at a cost of Rs 40,000 crore.

The is coming up on 2.6 hectares of land, will showcase what is happening in Amaravati, the initiatives being taken by the government, development of infrastructure and the opportunities for the investors, said Iswaran. He said this would be a significant landmark which will bring international attention to the capital city.

With a built-up area of 4,080 square metres, the can accommodate at least 2,000 visitors daily. Benjamin Yap, CEO, Amaravati Management Services, said the Welcome Gallery would come up in 6 to 7 months with an investment of Rs 50 crore.

It will consist of exhibition, community and engagement zones as well as co-working spaces to house start-ups.

Besides serving as a one-stop information centre for all visitors, it will also be a focal point for companies to showcase their sustainable urban solutions concepts, as well as function as a business promotion platform, through the hosting of various national and international level events and exhibitions.

The Welcome Gallery forms part of the larger Catalytic Development Area and will play an integral role in generating economic activities in the region, which will spread across the entire over time, said Sreedhar Cherukuri, Commissioner, Capital Region Development Authority (APCRDA).

The 20-hectare Catalytic Development Area is developed as part of the Phase 1 of the Start-Up Area, and will comprise 75,000 sq m of office,

The has a total development land area of 6.84 sq.km, which will be developed in three phases over the next 20 years.

The ADP also announced that 15 companies and institutions from Germany, India, and Singapore have entered into Memoranda of Understanding with it as partners in the areas of smart buildings; smart energy; smart environment; and smart collaborations.The companies include AGC, GioSenz, Anchor, Gush, Mobotix, Toto and

"These companies and institutions are leaders in their respective fields, and we believe that they will add significant value to the development of the Welcome Gallery," said ADP

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 10 2019. 19:04 IST
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