Institutions are ready to start their activities in Amaravati!

Now that the Telugu Desam Party-led National Democratic Alliance has returned to power in Andhra Pradesh, all hurdles have been more or less removed for the development of Amaravati as a capital.

TDP president and Chief Minister N Chandrababu Naidu has already started negotiations with various investment companies and institutions, which had earlier pulled out of Amaravati during the YS Jagan Mohan Reddy regime, to return to the capital to start their establishments.

A few days ago, a prominent management institute – XLRI-Xavier School of Management, announced the establishment of its institute at Thullur in Amaravati at an investment of Rs 250 crore.

Jamshedpur-based XLRI was earlier allotted 30 acres of land. In March 2019, the institute laid the foundation stone for XLRI Amaravati, its new campus in Andhra Pradesh.

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According to reports, as many as 45 central government offices will resume operations in Amaravati from Monday. These central government institutions were also allotted land by the erstwhile TDP government between 2015 and 2019.

“Some of these institutions have already started negotiations with the AP Capital Region Development Authority to hand over the land allotted to them after clearing all the bushes and shrubs in the area,” sources said.

A total of 135 public and private organisations were allotted land in Amaravati during the previous TDP regime. But all of them backtracked after Jagan came to power in 2019 and shelved the Amaravati capital project.

In fact, the Jagan government had proposed to cancel land allotments to some of these institutions but later backtracked after threatening to move courts. Now, all of them are showing interest in reviving their projects, sources said.