3 months ago
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The Budget for 2026-27 fiscal year, presented successful the Andhra Pradesh Legislative Assembly by Finance Minister Payyavula Keshav connected Saturday, unveiled the government’s program to make 3 City Economic Regions astir Visakhapatnam, Amaravati and Tirupati arsenic cardinal determination maturation engines of the State, for which NITI Aayog was roped successful to lend the expertise.
The proposals (including the metro obstruction task for astir ₹28,000 crore) were already submitted to the Centre successful respect of the Visakhapatnam Economic Region (VER), which covers Srikakulam, Parvathipuram-Manyam, Vizianagaram, Anakapalli, Visakhapatnam, Alluri Sitharama Raju, Polavaram, Kakinada, East Godavari, and Konaseema districts.
Similarly, the authorities is focused connected the improvement of Amaravati Economic Region, spreading crossed NTR, Krishna, Eluru, Guntur, West Godavari, Prakasam, Palnadu, Bapatla and Markapuram districts.
As acold arsenic Amaravati is concerned, Mr. Keshav said successful his code that the State authorities was thankful to Prime Minister Narendra Modi for supporting the improvement of the greenfield superior metropolis and initiating the process of introducing authorities successful the Parliament to accord statutory presumption to it (Amaravati) arsenic the imperishable superior of Andhra Pradesh.
A sum of ₹6,000 crore has been allocated for Amaravati, wherever a full of 97 works costing ₹57,868 crore were successful assorted stages of implementation, helium mentioned, portion putting distant an allocation of ₹14,539 crore to the Municipal Administration & Urban Development Department.
The Panchayat Raj & Rural Development Department, headed by Deputy Chief Minister K. Pawan Kalyan, was allocated ₹22,942 crore, with sizable allocations to the Jal Jeevan Mission and agrarian roadworthy connectivity.
Green cover
Besides, an allocation of ₹714 crore was projected for the Environment, Forest and Science & Technology Department to execute goals specified arsenic expanding the State’s greenish screen to 37% by 2030 and 50% by 2047, combating desertification, halting and reversing onshore degradation, and gathering a Wall of Green Cover.
Mr. Keshav expressed the government’s volition to revive the State Public Sector Enterprises (PSEs) and marque them instrumentality measure discounting done the TReDS integer level successful enactment with the the Central government’s policy.
‘Mother of each deals’
On the concern front, the Finance Minister called the government’s statement with Google for the constitution of an AI-powered information centre successful Visakhapatnam with $15 cardinal arsenic ‘A.P.’s parent of each deals’, and listed retired the ArcelorMittal Nippon Steel plant, the bulk cause parkland astatine Nakkapalli, the greenish aluminium task astatine Kakinada and a semiconductor manufacturing installation astatine Orvakal arsenic large projects connected the anvil.
It was mentioned that important advancement has been achieved successful the operation of Ramayapatnam, Mulapeta, Machilipatnam and Kakinada SEZ ports and the sportfishing infrastructure was being modernised done harbours that were nether operation with enactment from the Central authorities nether Sagarmala 2.0.
The Finance Minister announced an allocation of ₹13,934 crore to the Energy Department, portion asserting that the authorities has stabilised the assemblage done higher procreation and by rationalising the procurement of power.
Clean Energy Policy
A.P. is accelerated emerging arsenic a hub for renewable energy, and 55 renewable vigor projects worthy ₹2.88 lakh crore covering 15.56 GW solar, 4.86 GW wind, 17.7 GW pumped retention and 1 MMTPA greenish hydrogen were taken up nether the Integrated Clean Energy Policy, helium added.
