Chandrababu Naidu on Budget

Andhra Pradesh Chief Minister N Chandrababu Naidu expressed gratitude to the Central government for its recognition of the state's needs in the Union Budget for fiscal year 2024-25. Finance Minister Nirmala Sitharaman announced Rs 15,000 crore in special financial support for the capital city, Amaravati, alongside commitments for the Polavaram project and development of backward areas. Naidu praised the budget as 'progressive and confidence-boosting,' emphasizing the importance of the funds for rebuilding the state. Sitharaman highlighted the government's dedication to financing essential infrastructure and industrial development under the Andhra Pradesh Reorganisation Act, with future financial support anticipated. Additionally, the budget allocates resources for the Visakhapatnam-Chennai and Hyderabad-Chennai industrial corridors. Overall, the budget is seen as a significant step toward addressing the financial challenges faced by Andhra Pradesh.