Amaravati, Nov 28 – Chief Minister N. Chandrababu Naidu told reporters that work on the new state capital is proceeding rapidly and is expected to finish by March 2028. He added that Amaravati will be a project that makes India proud, emphasizing that the sacrifices of farmers, the backing of the central government, and a solid plan will keep the development on an unstoppable trajectory.
During a launch ceremony with Union Minister Nirmala Sitharaman, the CM laid the foundation stone for the regional headquarters of public‑sector banks and insurance firms in Amaravati.
The state government has already begun projects worth ₹56,000 cr in the city. A new access road is near completion, seven national highways now link to Amaravati, and a railway line is being constructed to connect the area.
In addition to institutions such as VIT, SRM, NID, and BITS Pilani, top universities worldwide are coming to Amaravati. A Quantum Valley is also under development, and the government is implementing fresh policies—green cover initiatives and net‑zero targets—for both the city and the state.
Naidu recalled that progress had been underway when the TDP ruled from 2014 to 2019, only to be halted for five years. The coalition government’s return restored the momentum, with the Prime Minister steering the reconstruction drive.
Highlighting the acceleration of construction, he thanked the Union Finance Minister for her support, noting that the centre has earmarked ₹15,000 cr for capital redevelopment.
The CM affirmed that the central government’s assistance helped revive the state economy after the previous administration’s setbacks, but he also stressed that more fiscal improvements are needed.
He urged banks and other financial institutions to collaborate on the state’s—especially Amaravati’s—growth.
Reflecting on the state’s formation amid numerous challenges, Naidu mentioned that the new state began without a capital, with its knowledge sector concentrated in Hyderabad. The five‑year destruction inflicted on Amaravati by earlier leaders compounded those difficulties.
“We started building the state from scratch, aim to finish the Polavaram project by 2027, and expect Amaravati to take shape by 2028. The central government has supported initiatives like the Visakhapatnam Steel project, and the Google Data Centre is moving into Visakhapatnam thanks to the Prime Minister’s blessing,” he said.
The Chief Minister reminded everyone that the farmers who sacrificed for Amaravati should never be forgotten; they fought tirelessly despite many obstacles.
He highlighted that 29,000 farmers donated 34,000 acres. Amaravati remains the only place worldwide where a land‑pools policy has been successfully implemented.
The CM pointed out that, under previous rules, farmers were denied capital‑gain payouts and their deadline must be extended. “We must ensure that farmers receive their rightful benefits. I call upon the Union Finance Minister to prioritize this matter and take a favourable decision,” he urged.
He also noted that the Polavaram project resumed after the coalition’s rise, and welcomed the central government’s sanction of ₹1,000 cr for a new diaphragm wall.
— Associated Press.ampp it=1 pgh=1
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