CRDA Approves ₹5,000-Cr Gems & Jewellery Park Near Mangalagiri

Swift summary

• Gold Cluster Development: CRDA has sanctioned a gold cluster at Atmakur near Mangalagiri, featuring a Gems & Jewellery Park spread over 78 acres. The project aims to attract ₹5,000 crore in investments and create 20,000 direct jobs along with indirect opportunities.
• Infrastructure Investment: ₹904 crore has been allocated for infrastructure development in 29 capital villages under the Land Pooling Scheme (LPS).Cabinet approval is awaited on August 21.
• Land Pooling Amendments: The term “assignee” will be removed from LPS certificates,allowing assigned landowners to participate in Amaravati’s development.
• University Expansion: VIT and SRM Universities have been allotted an additional 100 acres each for expansion efforts in Amaravati.
• Housing Goals: Government plans to hand over 4,000 houses by March 31. Major highways are projected for completion within three-and-a-half years; remaining layout works within two-and-a-half years.
• Non-Polluting Industries & Sports City Project: CRDA aims to promote non-polluting industries and fast-track a Sports City of international standards via a special purpose vehicle.
• Education Initiatives: Amaravati will host a Bio-engineering University while extending support to existing universities.

Image caption:
Municipal Administration and Urban Development Minister P. Narayana | Photo Credit: File photo

Indian Opinion Analysis

the proclamation of multi-sector developmental projects underlines Andhra Pradesh’s focus on transforming Amaravati into a modern capital city with an emphasis on economic growth, infrastructure expansion, sustainability, and academic excellence. The gold cluster initiative shows promise not only as an economic booster but also as critical for job creation across sectors spanning direct employment and allied industries. Investment allocation towards village-level infrastructure reflects efforts toward inclusive growth under the Land Pooling Scheme; though, all-round success will depend heavily on implementation efficiency post-Cabinet approvals.

In parallel, amendments like removing the word “assignee” from LPS certificates may facilitate greater stakeholder participation in capital development while easing potential barriers faced by assigned landowners-a key reform likely aimed at fostering trust among local communities. Significant expansions planned for VIT and SRM Universities alongside the establishment of new institutions signal long-term benefits toward building knowledge-based ecosystems.

While housing timelines appear ambitious but achievable given government commitments so far-the push towards non-polluting industries represents solid steps toward environmentally sustainable urbanization schemes centered around emerging hubs like Sports Cities or Bio-engineering nodes potentially further broadening investment spectrum showcasing innovatively pushing balance focused future-oriented avenues Read more : The Hindu