SINGAPORE (May 16): A Singapore consortium was yesterday given the master development rights to the Amaravati City Start-up Area in India’s southern Andhra Pradesh state.

The Business Times report said the group — comprising sustainable urban development providers Ascendas-Singbridge and Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries — received the contract from the government of Andhra Pradesh at a ceremony held at the Taj Gateway Hotel in Vijayawada.

The ceremony was witnessed by Andhra Pradesh chief minister Chandrababu Naidu and Singapore’s Minister for Trade and Industry S Iswaran.

Iswaran also signed a memorandum of understanding with the Andhra Pradesh government to help “set up a process to identify and link economic development opportunities with prospective companies on a regular basis”.

This article first appeared in The Edge Financial Daily, on May 16, 2017.

For more stories, download TheEdgeProperty.com pullout here for free.

SHARE
SPONSORED CONTENT
M Aurora: Freehold urban living in KL along Old Klang Road, offering top connectivity

Old Klang Road remains one of Kuala Lumpur’s most resilient residential corridors because it already works. Unlike newer growth areas still waiting for infrastructure and amenities to catch up, this mature urban belt offers what many buyers increasingly prioritise: connectivity, convenience and established liveability.

read more
RELATED POSTS
  1. Sunway-led JV wins RM6.74 bil Bayshore Drive mixed-use site in Singapore
  2. From gridlock to growth: Can Malaysia adapt the Singapore, Hong Kong TOD models?
  3. Sunway-led consortium awarded S$750.6 mil River Valley Green site in Singapore