The state government is coming up with anothe prestigious
project,"Financial district" near Hitec City in an area of 100 acre.The decision
to establish the district has been taken on the recommendation of a committee comprising former RBI Governor M Narsimham and Chairman of Global Trust Bank, Mr.Ramesh Gelli.

The state government recently submitted a proposal to the government of India to locate the head office of Insurance Regulatory and Development Authority in the district.

The AP Industrial Infrastructure Corporation has been entrusted with the 
responsibility to develop necessary facilities like advance communication
network at the district.

The 'Financial District' would be developed as an ideal location from where
the global and national companies involved in banking and finance businesses
could carry out their operations.

The Vice-President,Krishna kant will lay the foundation stone for the new project during the Partnership summit to be held in the city from Jan9-11.

-8th January '2001

More News