The government is poised to unveil a comprehensive mega master policy; aimed at
catalyzing industrial growth by 2050 said Sridhar Babu the Minister for IT and Industries.
He was talking at the CII meeting here in Hyderabad,
As part of this initiative, the Metropolitan Development Authority (HMDA) is tasked with
developing a 55 km stretch of the Musi riverfront. The proposed riverfront will feature amusement parks, waterfalls, water sports, streetvendors, a business area, and a shopping mall under a Public-Private Partnership (PPP) model.
The Musi riverfront project is strategically designed to transform into a prominent tourism
destination, incorporating attractions like amusement parks and water sports. This effort aims to create an engaging environment for both locals and tourists, with a focus on enhancing the overall vibrancy of the destination.
In addition to leisure amenities, the inclusion of business areas and shopping malls along the riverfront seeks to generate economic opportunities, attracting entrepreneurs and investors. The project also promotes a diverse mix of commercial activities, fostering local businesses and job creation within the community.
The development adheres to a Public-Private Partnership (PPP) model, emphasizing
collaboration between the government and the private sector. This model ensures the efficient utilization of resources and expertise, ultimately fostering sustainable development practices.
Integral to the project is the integration of spaces for cultural events andgatherings,
contributing to the social and cultural well-being of the community. Street vendors and markets are incorporated to add a local flavor, fostering a sense of community engagement and inclusivity.
Environmental conservation is a top priority, with a commitment to maintaining the
ecological balance of the Musi River. Sustainable landscaping and green initiatives are integral components, enhancing the overall aesthetic appeal and ecological value of the riverfront.The development underscores opportunities for local communities to actively participate in the project's evolution, ensuring alignment with their needs and aspirations. Public consultations and feedback mechanisms are in place to promote transparency and inclusivity throughout the development process.
To ensure accessibility for residents and visitors, the project integrates with existing
transportation infrastructure and enhances connectivity with neighboring areas, facilitating a seamless flow of people and commerce.
Anticipated employment opportunities, particularly in sectors related to tourism, hospitality,
and entertainment, are expected to arise from the riverfront development projects. Collaboration with local educational institutions is envisioned to provide training programs for skills relevant to the project, contributing to the overall skill development of the community.
The Musi riverfront development emphasizes eco-friendly construction practices and the
use of sustainable materials. Additionally, the adoption of renewable energy sources is prioritized to power amenities and facilities along the riverfront, aligning with broader environmental sustainability goals.
Lastly, the project places great importance on preserving any historical or cultural landmarks along the Musi River. Interpretative signage and educational elements will be incorporated to showcase the historical significance of the river and its surroundings, enriching the project with a sense of heritage.
