South Korea commits $3 mn to aid climate action efforts in Central Asia

11 Nov 2024 CW Team

The South Korean government announced that it plans to donate $3 million over the next three years to support climate change initiatives in Central Asia.

According to the finance ministry, the agreement for this contribution to the Climate and Sustainability Project Preparatory Fund was signed on Friday during ministerial-level meetings in Kazakhstan under the Asian Development Bank's (ADB) CAREC program. This program is a collaboration among 11 countries and development partners focused on advancing regional growth and cooperation, as reported by Xinhua News Agency.

The ministry also stated that South Korea, a founding member of ADB's newly established fund, will make the largest contribution among its founding members.

The fund will be used to develop infrastructure, promote energy projects, and support agriculture, fisheries, and the stabilization of regional supply chains. The ministry expressed hope that the fund would enhance communication and partnerships between South Korea and Central Asian countries, potentially leading to various climate-focused projects driven by Seoul's contribution.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..