Millennium Post

Singapore to plan, Japan to build Andhra capital: CM

Terming his five-day visit to Japan a success, Naidu told reporters here that several Japanese companies and government organizations expressed their willingness to be partners in building the state capital.

Naidu, who went to Singapore last month, said Singapore will prepare the master plan for the capital. He hopes to finalize this when Singapore’s trade and commerce minister S Iswaran visits India this month.

“The Japanese companies are ready to associate in construction, environment and other requirements of the city,” he said. “It will be a deadly combination.”

The government plans to build the capital on 30,000 acres in Guntur-Vijayawada region in five years. It is estimated to cost Rs 1 lakh crore.

Naidu said he had fruitful discussions with Japanese government organizations, industry bodies and companies and exuded the hope that this will result in attracting investment to the state.

Stating that Softbank Corp is keen to fund 10,000 MW solar power generation in India over next three years, Naidu said he invited the company to partner with Andhra Pradesh in its ongoing plan for the development of 2,500 MW solar power.

The Chief Minister said Softbank chairman and CEO Masayoshi Son was interested in solar power generation in India and also in research to bring down the cost of generation. “The cost of solar power has come down from Rs 14 to around Rs 6 per unit and if we can further bring it down to Rs 4, then it will be a revolution meeting the energy requirements,” he said.

Naidu said Softbank plan to invest $10 billion in India. He also invited the company to invest in the IT sector in the state. The company is expected to come out with a project report in two months. The Softbank chairman also confirmed that he will visit India and Andhra Pradesh soon. The Chief Minister announced that a separate cell for Japanese firms will be opened in the industries department for speedy clearances and to extend all help to those keen to invest.

The proposed cell will have a few escort executives who speak Japanese.
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