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 Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..