Amaravati is poised to transform into the country’s first fully integrated Financial City, marking a significant milestone in India’s economic landscape. During her visit to the capital region, Union Finance Minister Nirmala Sitharaman, accompanied by Andhra Pradesh Chief Minister Chandrababu Naidu, laid foundations for major nationalised banks and financial institutions, signalling a major push toward the city’s long-awaited development.
The upcoming Financial City will serve as a unified hub for India’s leading public sector financial institutions, offering state-of-the-art infrastructure in a purpose-built capital. Major institutions such as SBI, Union Bank of India, Canara Bank, Bank of Baroda, PNB, LIC, NABARD and others have already begun construction. The hub is expected to generate over 6,500 direct jobs and boost economic activity across the state.
Sitharaman highlighted the importance of strong economic pillars for a capital city and appreciated the collaborative effort of more than fifteen nationalised institutions in shaping Amaravati’s Financial District. She also praised the farmers who voluntarily contributed land for the capital’s development and urged banks to provide better financial access and expanded support systems for the farming community.
With construction underway and institutional participation rising, Amaravati’s Financial City stands as a catalyst for growth, innovation and opportunity for Andhra Pradesh and the nation.
