Daily Current Affairs including static notes - 8 JUNE
Singapore signs 2 MoUs with A.P. ( IR) Singapore and Andhra Pradesh have signed a MoU regarding the construction of the Andhra capital Amravati. Details Singapore Minister of Trade and Industry has expressed confidence that significant progress would be achieved in the construction of Amravati in six months, starting with the seed capital, consequent to the signing of two MoUs. The MoUs are the Concession and Development Agreement (CADA) and the Shareholder Agreement (SHA). The SHA was signed by the Amravati Development Corporation (ADC) and Singapore Amravati Investment Holdings Ltd. (SAIH) and the CADA by the AP Capital Region Development Authority, Amravati Development Partners (ADC and Ascendas Singbridge & SembCorp Industries) and SAIH. These pacts were essential to legally secure the many visions and plans and contracts worked out during the journey so far and they were part of the broader engagement between the Singapore and A.P. governments. With the sign...