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.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..