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Singapore
for tie-up with India on infrastructure development
www.hindu.com
Chennai, April. 15 (PTI):
Singapore is keen for a public-private partnership with
India in infrastructure development, especially in real-estate
and construction sectors, according to a member of a high-level
business delegation visiting the city.
Urban infrastructure development,
real-estate development and construction industry in India
hold good potential for joint collaboration between Indian
and Singapore companies, Chionh Chye Khye, CEO of Building
and Construction Authority, Singapore, said at a meeting
organised by the Confederation of Indian Industry (CII)
here today.
These can be developed
on a public-private partnership, said Khye, a member of
the 25-member high-level business delegation from Singapore,
which began a two-day visit to the city yesterday.
He said in Chennai there
was tremendous scope for providing infrastructure facilities
for IT and BPO (business process outsourcing) companies.
Highlighting the efforts
by CII to promote investments in infrastructure, J P Nayak,
Chairman, infrastructure sub-committee of CII Southern
Region, said the CII was organising three conferences
for the purpose.
A two-day conference on
infrastructure would be held in Hyderabad on July 28 and
29, this year. An exhibtion on construction industry (Excon-2005)
would be held by the end of November in Bangalore, he
said. The third event on real-estate would be held in
Chennai, on September 2 and 3, 2005, Nayak said.
Ramesh Nair, Associate
Director of Jones Lang Le Salle, a consultancy firm, said
Chennai, along with Pune and Hyderabad, was one of the
fast growing secondary hub for real-estate. Delhi, Mumbai
and Bangalore are the primary hubs.
Last year alone, 14 million
sq.ft of office space was occupied by companies in Chennai,
he said. About 80 per cent of this was occupied by IT
and ITeS companies.
He said last year also
saw a 20 per cent growth in housing and construction sectors
in Chennai.
M Velmurugan, Director,
Tamil Nadu Industrial Guidance & Export, explained
the initiatives taken by the State Government in promoting
infrastructure sectors in the State.
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