'Capital' Gain: Andhra's Amaravati May Get Rs 10,000 Crore Investment From Malaysian Firms

The Andhra Pradesh Capital Region Development Authority (APCRDA) announced a significant boost to the capital city project, stating that Malaysian companies have expressed interest in investing up to approximately Rs 10,000 crore over the next five years. 

This potential influx of Foreign Direct Investment (FDI) is a major development in the renewed push to build Amaravati as a world-class capital city.

Investment Focus and Key Companies

A high-level Malaysian delegation, which included Selangor state exco minister Papparayudu Veraman and Klang MP Ganabathirao, visited Amaravati to review the ongoing development works and meet with state officials, including Municipal Administration and Urban Development Minister P Narayana.

The investments are concentrated across five key sectors

essential for a developing city:

• Education: Malaysia’s University of Cyberjaya (UoC) has proposed establishing a medical university in Amaravati.
• Tourism and Hospitality: The Berjaya Group has come forward with plans to establish five-star hotels.
• Trade and Commerce
• Real Estate (including technology transfer and infrastructure development)
• Projects related to Telugu Culture and Traditions.

Amaravati Revival

The investment commitment comes at a crucial time for the Amaravati project. Following a prolonged period of uncertainty and slowdown due to a change in state government, the capital city initiative, originally championed by Chief Minister N Chandrababu Naidu, is now back on an accelerated track.

Minister Narayana informed the delegation that the government has finalised tenders for construction works worth Rs 51,000 crore, with projects now progressing at a brisk pace. Key infrastructure targets include the completion of 360 km of trunk roads within 18 months, 1,500 km of layout roads within two years, and the administrative buildings—Secretariat towers, Assembly, and High Court—targeted for completion within two and a half years. 

The interest from Malaysian firms, many of which have representatives of Telugu origin, signals renewed international confidence in the state’s flagship urban development venture. This follows earlier reports of Singapore’s GIC also committing a significant investment, collectively underscoring Amaravati’s resurgent status as a major investment destination.