CRDA pushing economic growth engine in Amaravati

Capital Region Development Authority (CRDA) along with the land pooling, is now concentrating on pushing the economic growth engine of capital city area. CRDA will be very soon inviting companies to invest on employment generation.

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CRDA had appealed companies to use their corporate social responsibility (CSR) funds to achieve overall economic and social development in Amaravati. As per the norms of Companies Act, all firms, including public sector undertakings (PSUs) that make an annual turnover of above Rs 5 crore, should spend 2 per cent of their net profit on CSR.

All those who come forward for this initiative will be treated as valued partners in capital construction. The government and CRDA will very soon come up with elaborate guidelines for this scheme. CRDA sources say several big companies are evincing interest in this scheme and will employ the people directly after the skill training.