TN seeks to rope in Singapore firms for housing projects

21 Oct 2022 CW Team

Tamil Nadu is exploring the possibility of developing housing projects in collaboration with Singapore firms, the state’s Minister of Finance and Human Resource Management Palanivel Thiaga Rajan said.

Participating in a panel discussion ‘Partnering with Tamil Nadu for Technology, Innovation and Entrepreneurship’, organized as part of the NTU Singapore-CII Singapore-India Dialogue this week, he said there is a cultural and natural connect between Singapore and Tamil Nadu.

Several firms from the city-state, including GIC and CapitaLand (formerly Ascendas), have invested in real estate assets and REITS in Tamil Nadu in the past. “There is ample scope for such asset managers and developers as well as the Tamil Nadu government to explore more such possibilities with the technical know-how of Singapore firms.

“Our housing minister has informed me there are plans to promote couple of flagship housing projects in Chennai in collaboration with Singapore firms. We could explore more such opportunities to collaborate in the commercial real estate space,” Thiaga Rajan said. “Fintech is one area we could collaborate more, especially in credit risk management in handling unsecured debts, besides working on a quicker and predictable dispute solution mechanism,” he said.

Equipment

06 Feb 2025

Mecbo America Launches Scorpion Concrete Crawler Boom

Mecbo America, a division of Blastcrete Equipment LLC, brings a new product to its lineup: the Scorpion Concrete Crawler Boom. The Scorpion provides contractors working in piling, drilling, tunneling or commercial construction with a flexible arm for placing concrete where needed without disrupting the jobsite. It is an economical enhancement for contractors who have a concrete pump but need an effective way to deftly move material to spots that are difficult or unsafe to reach using other methods. “As concrete contractors grow and the scope of their work changes, many recognize the need fo..

Cluster Redevelopment and Affordable Housing to shape Mumbai’s Future

The Government of Maharashtra is accelerating efforts to expand affordable housing, with a focus on large-scale development under the MMR Growth Hub Project. As part of this initiative, the Maharashtra Housing and Area Development Authority (MHADA) will construct eight lakh homes by 2030, in alignment with NITI Aayog’s recommendations. This announcement was made today by Deputy Chief Minister and Housing Minister Eknath Shinde, who emphasized the government’s commitment to providing high-quality, affordable homes to citizens. The computerised housing lottery, organised by the MHADA Konkan..

Cummins Reports Strong Fourth Quarter

The Board of Directors of Cummins India Limited (CIL), at their meeting reviewed, and approved the unaudited financial results for the quarter and period ended December 31, 2024. Performance Highlights (based on standalone unaudited financial results) for the quarter ended December 31, 2024: - Total Sales for the quarter at Rs 30.41 billion higher by 22 per cent compared to the same quarter last year and higher by 24 per cent compared to the previous quarter. - Domestic sales at Rs 25.77 billion higher by 18 per cent compared to the same quarter last year and higher by 28 per cent compared t..