Singapore sees greater scope for investment in Amaravati

Amaravati: Singapore National Development Minister Desmond Lee said that both Amaravati and AP provide a greater scope for their industries, particularly the housing industries of Singapore which also deal with material manufacturing.

Participating at the AP-Singapore Industry Business Round-table, Lee interacted with the Indian industrialists along with Chief Minister N Chandrababu Naidu on Monday. The meeting was also attended by Indian Ambassador to Singapore, Jawed Ashraf along with all industrial associations of Singapore.

“There was a great scope for greenfield construction in not just Amaravati but the rest of AP as well. Facility management is another area which offers great business opportunities in AP,” Desmond Lee said. J. Krishna Kishore, CEO, Economic Development Board (EDB) of AP highlighted the growth story of the state along with investment opportunities in the state.

Thanking Desmond Lee for organising this interaction with builders, developers, and manufacturers, Naidu said, “We are developing qualitative manpower and are making it sure that AP is well-equipped with all kinds of infrastructural facilities. Singapore has been a great ally to AP and people here possess high levels of integrity and work ethics and we are learning a lot of best industry practices from them.”

The Chief Minister said that AP and India are working and moving fast to improve urban infrastructure. “Along with infrastructure and quality of life, AP is also looking to improve its tourism industry. Hence, we are keen to set up a construction city where we bring together manufacturing, trade, contractors.

For this purpose, we need cooperation from not just businesses in AP and Singapore but the Government of Singapore as well,” he added. Speaking on the investment opportunities in Amaravati, the Chief Minister said, “Amaravati provides opportunities for all to grow and the city is blue and green and is going to be healthy for all to live.”