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Union Finance Minister Arun Jaitley will lay the foundation stone for the proposed Financial City and Administrative City in Andhra Pradesh’s capital Amaravati on October 28. Financial City and Administrative City are two of the nine cities the state government intends to develop in the capital region.
“In the last one year, we have achieved satisfactory results in building our capital Amaravati. We have built the (temporary) Secretariat in a record time and the development process will continue,” Chief Minister N Chandrababu Naidu said here today after inaugurating the branches of Andhra Bank and State Bank of India in the Secretariat at Velagapudi.
The Union Finance Minister would lay the foundation for Financial and Administrative cities on October 28, he said.