Seven Companies to Challenge Singapore?

Seven Companies have evinced their interest in the bidding of the development of the Seed Capital of Andhra Pradesh. They will be now countering Singapore consortium’s proposal under Swiss Challenge Method. The proposals are for the development of the Seed Capital in 6.84 Kilometers Startup area.

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Six Indian Companies and One China Company is in the race. Aditya Housing and Infrastructure Development, L&T, Shapoorji Pallonji, Ramky Group, Alliance Infra are the Indian Companies. GIIC and China First Metallurgical Company from China are also in the race. The representatives of the company attended the Pre-Bid meeting of CRDA the other day.

They have asked the officials about various doubts they have about the proposal and other norms of participation. The companies have also requested the CRDA officials to extended the deadline for the submission of the bids. The companies are also keen on knowing the revenue sharing formula offered by Singapore consortium which the government did not reveal until now.