Singapore investors commit Rs 200 bn inflow for UP

22 Dec 2022 CW Team

During a four-day presentation in Singapore, the island nation's investors have committed nearly Rs 200 billion worth of investment in Uttar Pradesh in a range of fields such as data centres, logistics services and education. The investments were committed following a four-day presentation, which concluded this week, by the UP Global Investment Summit (UPGIS) delegation led by the state’s Minister of Jal Shakti and Flood Control Swatantra Dev Singh.

Singapore is a partner country in UPGIS, to be held in Lucknow from February 10-12.

“It was a very successful trip. The G2G (government to government) engagement was very warm and fruitful,” Deepak Kumar, Principal Secretary, Basic Education Department of Uttar Pradesh, said.

He added, “The Rs 20,000 crore intended investments will be in infrastructure, hyperscale data centres, inland waterways, logistics and warehousing, food and agro-processing, educational institutions, skilling centres, waste management, and the like.”

According to the chief executive officer, Noida authority, around Rs 77 billion more memorandums of understanding were signed on Monday for investment in semiconductor (FAb), IT parks, agro processing, skills, waterways and smart city in UP.

Besides, the UP government signed 12 financial MoUs with Singapore-based corporations and investors during the visit from December 15-19.

One non-financial MoU was signed with the Singapore Indian Chamber of Commerce and Industry (SICCI) for exploring business opportunities and collaboration in Uttar Pradesh.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..