Malaysia's CIDB to invest Rs.10,000 cr in Telangana
The Dollar Business Bureau Government of Malaysia's Construction Industry Development Board (CIDB) has shown interest to invest Rs.10,000 crore in the infrastructure projects in the state of Telangana. Minister for Industries K T Rama Rao has met Abdul Latif Hitam, the CEO of CIDB in Kuala Lumpur, Malaysia on Friday. He discussed the opportunities in Telangana infrastructure sector during his three-day tour to attract investments into the state. The CIDB, a statutory body under Malaysia’s Ministry of Works, promotes and facilitates the exports of Malaysian construction services. The CIDB board is interested to invest in infrastructure projects such as highways, urban mass transit, housing and other infra projects in Telangana. The board has already entered into an MoU with Rajasthan government for ...
NITI Aayog-SCE launches urban management programme
The Dollar Business Bureau National Institution for Transforming India (NITI Aayog) has partnered with Singapore Cooperation Enterprise (SCE) to launch an urban management programme in New Delhi. Singapore based non-profit organisation Temasek Foundation has granted an amount of SGD 851,750 to financially support the three-year programme. According to Amitabh Kant, CEO of NITI Aayog, “Urban Transformation is given first preference in National Development Agenda of India. The government has started several schemes for the development of the urban centres in the country that include Atal Mission for Urban Rejuvenation and Transformation (AMRUT), Housing for All by 2022 and 100 Smart Cities Mission. “In order to realise the vision of the government in initiating these schemes, NITI Aayog has collaborated with SCE. The programme ...
Minister for faster approvals to boost investments in infra sector
The Dollar Business Bureau With an aim to expedite the process of construction activity, the Indian government on Tuesday called for the fast processing of approvals required for taking up construction projects in urban areas through rationalization. To this effect, the government called for decrease in number of approvals and No Objections that are usually followed for approving a construction activity. If implemented on a larger scale, this move by the government would definitely attract investments in the infrastructure sector. In a meeting convened by the Union Urban Development Minister M Venkaiah Naidu, Ministers and Secretaries of seven related ministries held extensive discussions on the current system of according approvals and the way forward. Speaking at the meet, Venkaiah Naidu ...