State had proposed to set up the project at Sultanpur village in Medak district in collaboration with government of Ras-Al- Khaimah
The State government informed the Division Bench of A.P. High Court on Tuesday that the proposal for setting up of Economic City at Sultanpur village in Medak district in collaboration with the government of Ras-Al- Khaimah on 2000 acres, had been dropped.
The Bench comprising of Chief Justice P. C. Ghose and Justice Vilas Afzulpurkar directed the government to implement the decision and pass the final orders and place the final papers before the court within four weeks.
The Bench was hearing a writ petition filed by Captain L. Panduranga Reddy challenging the action of the respondent in resorting to giving away land to an unknown entity in a fraudulent way. When the case was taken on record by the High Court, the Bench had ordered Andhra Pradesh Industrial Infrastructure Corporation (APIIC) to maintain status quo in March, 2009. Since then, the project had been gathering dust. Subsequently, the court issued orders that the government could allot land to any other company.
The project was planned as an integrated financial hub with infrastructure facilities for financial services operations such as banking, insurance and asset management companies. An integrated health city was also proposed under the project with facilities for clinical and non-clinical services, hospitals and medical colleges, research services, drug delivery system, stem cell research and genetic research. The government had allegedly received a proposal from Ras-Al-Khaimah for the economic city to be set up on 2000 acres in Medak district. Now, the case was adjourned by four weeks to facilitate the government to pass final orders and submit the final report to the court.