As Andhra Pradesh gears up to shape its new capital Amaravathi, it has alloted 995 acres of land to a dozen institutions to set up educational, health and other bodies at a projected cost of Rs 17,800 crore. Work is in full swing to create a world-class infrastructure for Andhra Pradesh’s new capital Amaravati. A dozen institutions have been alloted 995.5 acre of land in Amaravati for projects worth Rs 17,800 crore,” an Andhra Pradesh government official told.
The official said these projects will create 32,720 jobs and the 12 institutions to come up will involve government as well as private bodies and include Rs 7,100 crore projects from VIT University and SRM University. Besides, Amrita University and Indo-UK Institute of Health have been alloted land at a cost of Rs 3,200 crore. Land has also been allotted to Reserve Bank of India, Central Public Works Department, Central Institute of Design Tools, National Institute of Designs and AP Human Resources Development Institute, among other government institutes.