Amaravati (Andhra Pradesh) [India], October 19 (ANI): Relaunching the works for rebuilding the capital city of Amaravati here on Saturday, the Chief Minister, Chandrababu Naidu, announced that the port city of Visakhapatnam will be developed as financial capital while a High Court bench and industries will be set up at Kurnool.

"We will reconstruct Amaravati which is a self-financing project. But some vested interests, particularly those who were at the helm of the affairs earlier had resorted to mispropaganda that lakhs of crores of rupees will have to spend for building Amaravati," Chandrababu Naidu said while relaunching the works in the capital region.

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The Chief Minister stated that Vision-2047 is only aimed at developing the State and the 420s can not understand his vision. With just a call given by him, 29,881 farmers had come forward to donate 34,241 acres in the Amaravati region, the Chief Minister said and stated that the whole credit of polling the maximum extent of land in the entire world goes only to the TDP.

Thanking those women who staged a valiant fight against the previous government which created several problems for them, Chandrababu said that he too joined their fight. "Only a sacred powerful force saved this land where none other than the Prime Minister laid the foundation. Recalling that the residuary Andhra Pradesh did not have a capital when the State was bifurcated, he said that the State passed through several difficult situations with a 16 per cent deficit budget.

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The previous government had simply wasted five crucial years in the guise that there were no funds, the Chief Minister reminded that Amaravati was already declared as a self-financing capital. "In Hyderabad too we have not spent any funds but were allotted land and supplied water to those who had developed the city following which assets are created there," he said.

Declaring that Amaravathi would be developed without spending any funds, the Chief Minister felt that Amaravati was like a mine for generating employment and for implementing more welfare schemes for the poor. Amaravati has a lot of sanctity which is the capital for the Gods, he said and stated that globally renowned institutions like VIT, SRM and Amruth Universities have already started their operation from Amaravati.

Observing that Xavier School of Management which is formerly known as Xavier Labour Relations Institute (XLRI) University will soon have its unit in Amaravati and a Law School will also be established, the Chief Minister wished that all the top 10 institutes in the country should have their branches here.

"I have already made an appeal to the Centre for a bullet train covering Hyderabad, Bengaluru, Chennai and Amaravathi. The World Bank has already given its consent to sanction a loan for Amaravathi. I want all the work to be completed on time," Chandrababu said.

Making it clear that the rivers of the Vamsadhara, the Godavari, the Krishna and the Pennar will be interlinked, the Chief Minister felt that Amaravati is going to be the most beautiful city in the country. He regretted that the State had to face an additional burden of Rs 7,000 cr due to the destruction caused by the previous rulers.

The Centre has already come forward to extend Rs 15,000 cr assistance to the State, he said and noted that the residential towers for Ministers, MLAs and All India Service officers will soon be completed. Chandrababu said that the stature of Andhra Pradesh has now grown a lot with the verdict given by the people in the recent elections.

"The TDP, the Jana Sena and the BJP have now come together and we are always thinking about how to save the State. People should now chase out the evil from the State permanently," Chandrababu Naidu maintained. (ANI)

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