NBCC to execute housing projects worth Rs.130 crore in Mauritius
The Dollar Business Bureau State-run construction company NBCC Ltd will execute housing projects worth Rs.130 crore in Mauritius. NBCC (India) Ltd, which is managed by the Ministry of Urban Development, will build 700 duplex-type homes with 50 square metre net floor area in one-and-a-half year time in Mare Tabac and Dagotiere of Mauritius. In this regard, a Memorandum of Understanding (MoU) was signed on Monday in the presence of M Venkaiah Naidu, India’s Urban Development Minister, and Showkutally Soodhun, Vice Prime Minister and Minister of Housing and Lands of Mauritius. Earlier in March, NBCC had signed an agreement for constructing a new building for Supreme Court in Port Louis at an investment of Rs.220 crore in 2 years. The Government of India has sanctioned $353 million as ...
Urban Development Ministry asks all 4,041 cities to go cashless
The Dollar Business Bureau As part of the government’s ongoing efforts to shift towards cashless transactions, the Urban Development Ministry has asked all the 4,041 statutory urban local bodies to move to e-payments as early as possible. These towns and cities make up for around 75% of the 40 crore population in urban areas of the country. “The Government of India’s message to the officials of these 4,041 urban local bodies was conveyed by Rajiv Gauba, Secretary - Urban Development, through interactive video-conferencing. Senior officials of concerned states also participated during the half day long interaction on various aspects of ensuring cashless transactions,” said an official release on Sunday. The officials at State as well as city level were asked to encourage internet ...
14 more cities in 1st round of Smart Cities Mission
Aamir H Kaki The government is set to announce 14 more cities in a few days under the Smart City Mission, taking the total number of cities to 34 that will be financed in the first round, the Urban Development Ministry said. “There are 20 cities that have already been selected. We are going to announce another 13-14 cities shortly which will receive finance in the first set of funding,” M Venkaiah Naidu, Minister for Urban Development, Housing & Urban Poverty Alleviation told a gathering at the CII Smart City Investors Meet on Thursday in New Delhi. Naidu emphasised on the private sector participation in the development of smart cities and urbanising India. “It is important to involve the private players and to ...
Malaysia to invest $30 billion in Indian infra projects
The Dollar Business Bureau Malaysia on Thursday proposed to invest $30 billion in urban development and housing projects in India. A 30-member Malaysian delegation, led by Minister of Works Haji Fadillah Bin Haji Yusof, met Minister of Urban Development and Housing M Venkaiah Naidu to discuss investment opportunities in developing and redeveloping urban areas under the Smart City Mission. “Redevelopment of New Delhi Railway Station adjoining area as a mini-smart city is proposed to be taken up with an investment of about $24 billion. CIDB also proposed to take up a Green City Project at Garhmukhteshwar in Uttar Pradesh involving housing and Ganga cleaning projects with an investment of about $4 billion,” Ministry of Urban Development said in a statement. On ...