5 months ago
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The Andhra Pradesh authorities has appointed retired IAS serviceman Sonti Venkata Ratna Srinivas arsenic Managing Director of the newly-formed Amaravati Growth and Infrastructure Corporation Limited (AGICL), a Special Purpose Vehicle (SPV) created to steer high-impact improvement projects successful the Amaravati superior metropolis and region.
The assignment was made done G.O. Rt. No. 1478 issued by S. Suresh Kumar, Principal Secretary, Municipal Administration and Urban Development, connected December 16, 2025, on with delegation of powers to alteration the corp to relation with operational autonomy.
The AGICL is the 3rd organisation constituted by the State authorities for the improvement of futuristic world-class superior city, isolated from the existing Andhra Pradesh Capital Region Development Authority (APCRDA), which acts arsenic section municipality unit, and the Amaravati Development Corporation (ADC), for infra development.
AGICL has been established nether the Companies Act, 2013, successful enactment with the earlier G.O.s aimed astatine accelerating planned maturation successful Amaravati. The corporation’s committee consists of the Principal Secretary to the MA&UD Department arsenic Non-Executive Chairman and 5 Directors.
The archetypal committee gathering held connected December 2, 2025, adopted cardinal resolutions, including the proposal to name a full-time Managing Director to oversee the planning, execution and absorption of peculiar projects.
Retired IAS serviceman Sonti Venkata Ratna Srinivas. | Photo Credit: File Photo
As per the G.O., the Managing Director has been vested with wide-ranging responsibilities. These see preparing Detailed Development Plans for peculiar projects based connected the approved maestro plan, designing and implementing projects, and operating and maintaining city-level services, taxable to APCRDA approval.
The Managing Director is besides authorised to prime developers, contractors and operators, cod improvement charges, lease rentals and idiosyncratic charges, and mobilise fiscal resources from the marketplace successful summation to authorities funding.
The powers further widen to processing trunk infrastructure, providing transport, power, h2o supply, coagulated discarded management, and ICT services successful communal areas, either straight oregon done public-private concern models connected astute metropolis principles.
The AGICL volition besides facilitate societal infrastructure specified arsenic healthcare, education, sports and entertainment, prosecute nonrecreational expertise from the market, and physique capabilities to relation arsenic a world-class nationalist bureau for Amaravati’s peculiar projects.
The determination signals renewed absorption connected structured development, accidental officials.
