Ascendas-Singbridge and Sembcorp receive award
Ascendas-Singbridge and Sembcorp Development, have jointly received the letter of award for the master development rights to the Amaravati City Start-up Area in Andhra Pradesh, India. The award was issued by the Government of Andhra Pradesh witnessed by Chandrababu Naidu, the Chief Minister of Andhra Pradesh, and S Iswaran, Singapore’s Minister for Trade and Industry (Industry).
The Start-up Area lies within the 20-square kilometre Seed Development Area of Amaravati City, along the River Krishna waterfront. Spread over 684 hectares, the Start-up Area is to be developed in phases over 15 to 20 years.
Mr Miguel Ko, Group Chief Executive Officer of Ascendas-Singbridge, said: “At Ascendas-Singbridge, we are passionate in providing sustainable urban and business space solutions that generate business activities, create jobs and catalyse economic growth. This project will mark a new frontier in our ventures in India. We have been in India for over 20 years, with eight IT Parksacross five cities. Today, we are happy to be presented the opportunity to work with like-minded partners on the development of Amaravati into a future-ready smart and modern city.”