Securities and Exchange Board of India (SEBI) is going to set up its office in Vijayawada. In the meeting held at Mumbai, the decision has been taken to set up an office in Andhra Pradesh at Vijaywada. As Vijayawada is being the acting capital, SEBI has taken this decision. As per sources, the stock market customer base in the bifurcated Andhra Pradesh is over 10 lakh.
Also various other Central government entities like RBI and Nabard are also going to soon set their offices in Amaravti region.