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The Andhra Pradesh Government has decided to acquire 30,000 acres of land through land pooling mechanism spread over 17 villages in the Guntur district for setting up of a new capital city.
The Government plans to acquire these lands through the land pooling mechanism and after its development, the owner of the land would be provided 1000 sq.yards of developed land and Rs 25,000 per acre per year.
The decision related to land pooling was extensively discussed in the State Cabinet after the Capital Subcommittee gave its findings and suggestions.
It has been proposed to wind up the Vijayawada, Guntur, Tenali, Mangalagiri Urban Development Authority and set up a Capital Region Development Authority.
The State Cabinet, which met here today also decided to declare June 2 as the AP Formation Day. Earlier November 1 was the State formation day for the unified state.
Referring to Hudhud cyclone, the Cabinet observed two minutes silence and thanked Prime Minister Narender Modi for announcing relief of Rs 1,000 crore for cyclone relief works.
The Government has decided to step in and provide relief to the farmers affected in the cyclone hit areas crop wise.
During the meeting, the Cabinet decided to allot lands for Kribco Fertilisers, UPA Polymers, Covalent Labs, a bulk drug manufacturer and Enercon for wind farms through AP Industrial Infrastructure Corporation.
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