- Visakhapatnam will be the new capital of Andhra Pradesh.
- Chief Minister YS Jagan Mohan Reddy said that the plan to develop Amaravati as the capital has been shelved.
- The Andhra Pradesh government is also organizing the Global Investors Summit on March 3 and 4 in Visakhapatnam.
- The announcement of the new capital comes nine years after the formation of Telangana state and Hyderabad being given as its capital.
- In 2015, the Andhra government had announced that Amaravati would come up as the new capital.
- In 2020, the government had planned three capital cities – Visakhapatnam for the executive, Amaravati for the legislature and Kurnool for the judiciary.
- But in March 2022, the Andhra Pradesh High Court rejected the plan to make three capitals.
- Amaravati was rejected as the capital because it became the center of a land scam and a source of social, legal, economic and political friction over the years.
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