Active Stocks
Fri Apr 19 2024 11:35:39
  1. Tata Steel share price
  2. 158.85 -0.72%
  1. Tata Motors share price
  2. 949.05 -2.30%
  1. Infosys share price
  2. 1,400.65 -1.40%
  1. ITC share price
  2. 423.90 1.18%
  1. NTPC share price
  2. 345.50 -1.68%
Business News/ Politics / Policy/  Andhra Pradesh names new capital Amaravati
BackBack

Andhra Pradesh names new capital Amaravati

CM N. Chandrababu Naidu says the name is adopted for the capital in view of historical, spiritual and mythological significance

A file photo of Andhra Pradesh chief minister N. Chandrababu Naidu. Premium
A file photo of Andhra Pradesh chief minister N. Chandrababu Naidu.

Hyderabad: Andhra Pradesh will name its future capital Amaravati after an ancient civilization that flourished on the banks of the river Krishna, the state government said on Wednesday.

The historical town is located about 15km from Thullur, the epicentre of the state’s new capital, which will be built between Vijayawada and Guntur towns.

The Andhra Pradesh cabinet gave its consent to the name, at a cabinet meeting on Wednesday.

“We felt it is best we associate the new capital with a name that has historical significance," chief minister N. Chandrababu Naidu said after the cabinet meeting. “We plan to restore the past glory," Naidu said in Telugu. “Just as history is important, future generations should remember the capital as a world-class, modern city," Naidu said.

Andhra Pradesh, which has been trying to recover from the loss of its erstwhile capital and economic engine, Hyderabad, to Telangana after its bifurcation last year, plans to attract investors to a spanking new capital.

“The long-lost historical essence of the place will relive with the name of the capital," Vasudevan Iyer, Hyderabad branch director of real estate consulting firm Knight Frank India Pvt. Ltd, said.

Amaravati was the capital of the Satavahanas, who ruled a great part of modern-day Andhra Pradesh for 450 years. Amaravati was also a prominent centre on the Buddhist map. It is among 12 heritage cities chosen by the Union government in December for a revitalization project.

Singapore’s Jurong International Holdings Pte Ltd and Surbana International Consultants Pte. Ltd have been mandated to come up with a master plan for the new capital.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 01 Apr 2015, 11:33 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App