Overview
- Union Finance Minister Nirmala Sitharaman and Chief Minister N. Chandrababu Naidu laid foundation stones for offices of 15 public-sector banks and insurers in Amaravati’s planned Financial City, a cluster pegged at ₹1,334 crore with an estimated 6,556 jobs.
- Sitharaman called the single-street co-location of major PSU banks and insurers a first for a state capital and urged institutions to extend services beyond Kisan Credit Cards to support cold chains, packaging and horticulture-linked infrastructure.
- Naidu said major capital works are targeted for completion by 2028 and sought five years of Central support, including extended capital-gains relief for land-pooling farmers and formal notification of Amaravati as the state capital.
- On the previous day, Naidu launched a ₹260-crore, two-phase expansion of the Sri Venkateswara Swamy Temple at Venkatapalem and asked TTD to deliver the project in about two and a half years.
- Officials highlighted ongoing and planned initiatives tied to the capital push, including seven National Highway links, a new rail connection, and an MoU with the Indian Institute of Astrophysics for a Cosmos Planetarium in Amaravati.