+
Centre to provide Rs 150 Bn for Andhra Pradesh
ECONOMY & POLICY

Centre to provide Rs 150 Bn for Andhra Pradesh

Union Finance Minister Nirmala Sitharaman, while presenting the Budget for 2024-25 in the Lok Sabha on Tuesday, announced that the Central government would allocate Rs 150 billion in financial assistance for Andhra Pradesh. Andhra Pradesh Minister Nara Lokesh expressed appreciation on Tuesday for the Central government's budget proposals, specifically acknowledging the support provided for the completion of projects in Amaravati, the state's capital, and the Polavaram project, crucial for Andhra Pradesh.

Lokesh conveyed gratitude on behalf of the state's residents towards the NDA government for committing Rs 150 billion in the budget towards the reconstruction and development of Andhra Pradesh. Sitharaman emphasized the Central government's commitment to supporting the development of Amaravati, allocating Rs 150 billion for this purpose in the current fiscal year. She reiterated the government's dedication to funding and expediting the Polavaram Irrigation project, essential for the welfare of Andhra Pradesh and its agricultural sector.

The Finance Minister highlighted that the government has endeavored to fulfill the commitments outlined in the Andhra Pradesh Reorganisation Act, including the provision of financial assistance for infrastructure development such as water, power, railways, and roads to promote industrial growth. She affirmed that grants specified for backward regions of Rayalaseema, Prakasam North Coastal Andhra Pradesh, as mandated by the Act, would also be disbursed.

Union Finance Minister Nirmala Sitharaman, while presenting the Budget for 2024-25 in the Lok Sabha on Tuesday, announced that the Central government would allocate Rs 150 billion in financial assistance for Andhra Pradesh. Andhra Pradesh Minister Nara Lokesh expressed appreciation on Tuesday for the Central government's budget proposals, specifically acknowledging the support provided for the completion of projects in Amaravati, the state's capital, and the Polavaram project, crucial for Andhra Pradesh. Lokesh conveyed gratitude on behalf of the state's residents towards the NDA government for committing Rs 150 billion in the budget towards the reconstruction and development of Andhra Pradesh. Sitharaman emphasized the Central government's commitment to supporting the development of Amaravati, allocating Rs 150 billion for this purpose in the current fiscal year. She reiterated the government's dedication to funding and expediting the Polavaram Irrigation project, essential for the welfare of Andhra Pradesh and its agricultural sector. The Finance Minister highlighted that the government has endeavored to fulfill the commitments outlined in the Andhra Pradesh Reorganisation Act, including the provision of financial assistance for infrastructure development such as water, power, railways, and roads to promote industrial growth. She affirmed that grants specified for backward regions of Rayalaseema, Prakasam North Coastal Andhra Pradesh, as mandated by the Act, would also be disbursed.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code