Its Made in Japan for Naidu’s brand new Andhra Capital

The formation of the new state Telengana had put Andhra Pradesh on a sticky wicket. While the sharing is caring was working with both the states having Hyderabad as state capital, Japan is a sure messiah for the chief minister Chadrababu Naidu.

As per a news report, Japan has expressed interest in picking up equity stake in the development and management of Andhra Pradesh's greenfield capital city project. Japanese Prime Minister Shinzo Abe has assured technical and financial assistance to the state for building infrastructure and the capital city.

A -private partnership (PPP) model has been adopted by Andhra Pradesh for building its capital city on a public-private partnership (PPP) model. It has procured over 33,000 acres from farmers under a land pooling model, offering stake in the developed infrastructure to the landowners, a first in India.
"We were initially sceptical but finally succeeded in bringing on to the table two countries - Singapore and Japan. We were not sure if Japanese funding agencies would extend support to the capital city project since the master plan was prepared by another country – Singapore,” Andhra Pradesh's planning board vice-chairman, Cherukuri Kutumba Rao told the ET.
Yoichi Miyazawa, Japanese minister of Meti, assured Naidu in Tokyo recently that several Japanese companies were ready to be partners in AP's capital construction.

While Meti has offered financial assistance to the proposed metro rail project in AP's capital region, SoftBank has agreed to sup a 20GW of solar power plant and solar panel manufacturing facility in the state.
On Monday, Japan International Cooperation Agency's senior vice-president Domichi Hidaeki toldthe ET that the agency was keen to participate in the capital consultancy bid and also finance power projects coming up in the Chennai-Bangalore industrial corridor and Krishnapatnam industrial park.

Hidaeki also added that a good part of the $35 billion worth of investments that Japan had committed to India during the summit meeting between India's Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe could go into Andhra.

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