Try GOLD - Free
Work for Andhra capital resumes
Business Standard
|May 03, 2025
Giving a fresh lease of life to Andhra Pradesh's dream capital project of Amaravati, Prime Minister Narendra Modi on Friday laid the foundation stone and inaugurated multiple development projects worth over ₹58,000 crore for the state.
Earlier in the day, Chief Minister N Chandrababu Naidu announced the country's first Quantum Valley, being built in Amaravati, would be inaugurated on January 1, 2026. "I see Amaravati as a fulfilled dream. Amaravati is a land where tradition and development walk hand in hand," the PM said, launching the new projects.
Of the ₹58,000 crore, around ₹49,000 crore is earmarked for 74 major infrastructure projects in Amaravati. This includes construction of the AP legislative assembly, secretariat, high court, and residences for judicial officers.
This story is from the May 03, 2025 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
Budget reflects a maturing economy
The Budget reflects a clear focus on strengthening India’s long-term prospects by leaning on nation-building sectors such as infrastructure, manufacturing, and technology while maintaining fiscal responsibility.
2 mins
February 02, 2026
Business Standard
A future-ready step
The Budget proposes about a 10 per cent increase in capital expenditure to ₹12.2 trillion, amounting to over 4.4 per cent of GDP, which reinforcesthe government's structural vision for sustained, infrastructure-led development.
1 min
February 02, 2026
Business Standard
Railways to see record ₹2.92 trn capex
Union Budget for 2026-27 raises capital outlay by 10%; announces new freight corridor from Dankuni to Surat
3 mins
February 02, 2026
Business Standard
Time to realise capex benefits
Budget 2026-27 reflects reassuring continuity in the Railways' performance.
3 mins
February 02, 2026
Business Standard
Pharma leap: Volume to value-based growth
The Budget sets out a structural reform-driven roadmap, balancing growth imperatives with social inclusion, and signalling continuity through resilience and innovation.
2 mins
February 02, 2026
Business Standard
A long-game Budget
Sitharaman calls for building capabilities to ensure growth resilience; tightens fiscal deficit target at 4.3% of GDP
5 mins
February 02, 2026
Business Standard
Govt borrowing challenge passed on to RBI
Finance Minister Nirmala Sitharaman’s “futuristic” Budget proposes a high-level banking committee for “Viksit Bharat”.
3 mins
February 02, 2026
Business Standard
Budget shows systems thinking in developing infrastructure
It is essential for modern nations plugged into the global economic system to develop a robust, integrated infrastructure that facilitates the physical movement of goods and people and drives efficiencies through digital networks and smart systems.
2 mins
February 02, 2026
Business Standard
A Budget for the emerging new global order
The ninth consecutive Budget presented by Finance Minister Nirmala Sitharaman has, among many other important features, a remarkable one: it is a tool for India in asserting its place in the new global architecture already emerging.
2 mins
February 02, 2026
Business Standard
Confident yet anxious
OfUnion Finance Minister Nirmala Sitharaman’s nine Budgets so far, this shows the least political anxiety.
4 mins
February 02, 2026
Listen
Translate
Change font size