MMRDA Deepens Korea Ties to Drive Mumbai 3.0 Urban Innovation Vision

23 Apr 2025 CW Team

The Mumbai Metropolitan Region Development Authority has advanced its Mumbai 3.0 vision by strengthening collaboration with the Republic of Korea, as part of a high-level engagement during the India Global Forum 2025.

At the Jio World Centre, MMRDA officials, led by Metropolitan Commissioner Dr Sanjay Mukherjee, met with a Korean delegation of policy, academic and business leaders to expand cooperation in smart city development, infrastructure modernisation, green mobility, and foreign direct investment.

The visiting delegation included Sang-ho Lee, Director of the Incheon Free Economic Zone Authority; Byeong-il Woo from KOTRA Mumbai; and senior officials from Seoul National University, World Smart Cities Forum (WSCF), and Kanavi Mobility.

The partnership builds on a Memorandum of Understanding signed last year between MMRDA and WSCF, under which Mumbai joined the Global Twin Cities Platform.

Plans were discussed to replicate Incheon’s transformation into a USD one hundred Bn smart economy and to introduce Korean innovations in artificial intelligence-based urban management, fintech, smart housing and sustainable transport.

Upcoming projects under Mumbai 3.0 include smart transit-oriented zones, mixed-use developments, data centres, fintech hubs, and affordable housing.

Source: Mid-Day

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..