Are Malaysian Companies Ready to Invest in Amaravati?
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Synopsis
Malaysian companies are eyeing significant investments in Amaravati, with plans to contribute up to Rs 10,000 crore in various sectors. This collaboration aims to enhance the capital's infrastructure, education, and cultural initiatives. The potential partnership showcases the growing international interest in Amaravati's development trajectory.
Key Takeaways
- Malaysian companies are set to invest significantly in Amaravati.
- The investments will focus on key sectors like education and tourism.
- Concrete timelines have been established for infrastructure development.
- The University of Cyberjaya and Berjaya Group are leading major projects.
- Collaboration with Malaysia signifies global interest in India's urban planning.
Amaravati, Oct 3 (NationPress) A delegation from Malaysia has shown a strong interest in investing between Rs 6,000 crore to Rs 10,000 crore in the capital of Andhra Pradesh over the next five years.
The Malaysian team, which included Selangor State Minister Papparaidu Veraman, Klang MP V. Ganabatirau, members of the Malaysia-Andhra Business Chamber, and several private sector representatives, had discussions with Municipal Administration and Urban Development Minister P. Narayana this past Friday.
Since arriving in the state on October 1, the team toured Amaravati with Minister Narayana to observe the progress of various projects in the state capital.
Minister Papparaidu emphasized their commitment to collaborate with India for the development of Amaravati.
Several representatives, particularly those of Telugu heritage residing in Malaysia, presented their projects to Minister Narayana through a detailed PowerPoint presentation.
An official statement revealed that Malaysian firms are eager to invest in critical sectors such as education, tourism, hospitality, trade and commerce, real estate (including technology transfer and infrastructure development), and the promotion of Telugu culture.
The University of Cyberjaya has proposed establishing a medical university in Amaravati, while the Berjaya Group aims to construct several five-star hotels.
Minister Narayana provided the Malaysian representatives with an overview of ongoing development initiatives in Amaravati, asserting that the city is on track to become one of the top five capitals globally.
He highlighted that Amaravati is being developed systematically under the guidance of Chief Minister Chandrababu Naidu.
He informed the Malaysian delegation that tenders for projects worth Rs 51,000 crore have been finalized, with construction already underway. He assured them that all work will be completed within the designated timelines.
Narayana stated the state government aims to finish 360 km of trunk roads in the capital within a year and a half, lay out 1,500 km of roads within two years, and construct 4,000 houses for officials, employees, and public representatives by the end of March next year.
He also expressed intentions to complete administrative buildings, including the Secretariat Towers, Assembly, and High Court, within the next two and a half years.
The minister mentioned that while recent rains had caused some delays, work is expected to accelerate in the coming days.
Present during the discussions were Municipal Department Principal Secretary Suresh Kumar, Capital Region Development Authority (CRDA) Commissioner Kannababu, and CRDA Additional Commissioner Bhargava Teja.
Point of View
The growing interest of Malaysian companies in Amaravati highlights the increasing global recognition of India's urban development initiatives. This collaboration can not only enhance local infrastructure but also foster cultural exchanges and economic growth, aligning with the nation's broader objectives for sustainable development.
NationPress
03/10/2025
Frequently Asked Questions
What sectors are Malaysian companies interested in for investment?
Malaysian companies are primarily focused on investing in education, tourism, hospitality, trade and commerce, real estate, and the promotion of Telugu culture.
Who met with the Malaysian delegation?
The Malaysian delegation met with Municipal Administration and Urban Development Minister P. Narayana during their visit.
What are the major projects planned for Amaravati?
Planned projects include a medical university by the University of Cyberjaya and multiple five-star hotels by the Berjaya Group.
What is the timeline for the development works in Amaravati?
The government aims to complete various infrastructure works within specified deadlines, including roads, housing, and administrative buildings within two and a half years.
How has recent weather affected construction in Amaravati?
Recent rains have caused some delays in construction, but work is expected to speed up in the coming days.
