Hyderabad, Dec 1:In an announcement that Andhra Pradesh Chief Minister N Chandrababu Naidu made on Monday, it was said that Japan will be joining hands in building the new capital of the state. The designing will be done by Singapore.
Terming his 5-day visit to Japan a success, Naidu said that many private companies are willing to join hands with the Andhra government to build the state capital.
He went to Singapore last month and said that it will prepare the master plan for capital. He expects the final deal when Singapore's trade and commerce minister S Iswaran visits India this month.
The minister said,"The Japanese companies are ready to associate in construction, environment and other requirements of the city. It will be a deadly combination."
At a cost of Rs 1 lakh crore, the government plns to build the capital on 30,000 acres in Guntur-Vijaywada region in five years. Naidu said he had a successful meeting with the Japanese government and that investments can be expected soon.
Discussing further, he said Softbank Corp is keen to fund 10,000 MW solar power generation in India over next three years, Naidu said that he invited the company to contribute in its ongoing plan for the development of 2,500 MW solar power.
The CM also said that a separate cell for Japanese firms will be opened in the industries department for speedy clearances and to offer help for easy passage. Claiming that he was successful in building relations with Japanese investors, Naidu said he wanted to make Andhra Pradesh as the top investment destination for Japanese firms from the present third position.
An MoU was also likely between Yokohama and Kakinada cities for sister-city relations. Amid speculations of Japanese Prime Minister's visit to Andhra Pradesh, Naidu sought help of Japanese firms in post infrastructure.
Similar MoUs were signed in the economy and the energy and power sector.