Berkshire Hathaway joins hands with Maharastra to develop smart city
SMART CITIES

Berkshire Hathaway joins hands with Maharastra to develop smart city

Maharashtra Chief Minister Eknath Shinde, who visited Davos to attend the five-day World Economic Forum 2023, has signed an MoU with Berkshire Hathaway Home Services Orenda India to develop 1,000-acre smart city near Navi Mumbai airport. The collaboration aims to develop a social and physical infrastructure for a smart city close to the Navi Mumbai International Airport in the Raigad district spread across 1,000 acres.

The company in an official statement stated: “As part of this agreement, the firm will help develop a complete ecosystem for industrial, commercial, and residential development, while the government will provide access to land as well as assistance in obtaining various permits and licences.”

“The collaboration, which is a joint venture between the Mumbai Metropolitan Region Development Authority (MMRDA) on behalf of the state government, will facilitate the creation of industrial clusters, warehousing and distribution hubs, entertainment hubs, data centres, and information technology parks for IT/ITES/BPO/KPO services,” it reads further.

The company will also develop a knowledge management system which will share best operational practices, offer information on trends in multiple sectoral services, and assist in organising promotional conferences and roadshows.

The firm will also be taking responsibility for leveraging its network and attracting business service delegations to invest in this project.

Also Read
IREDA urged to develop a strategy for project financing.
Survey for Ludhiana railway station makeover begins

Maharashtra Chief Minister Eknath Shinde, who visited Davos to attend the five-day World Economic Forum 2023, has signed an MoU with Berkshire Hathaway Home Services Orenda India to develop 1,000-acre smart city near Navi Mumbai airport. The collaboration aims to develop a social and physical infrastructure for a smart city close to the Navi Mumbai International Airport in the Raigad district spread across 1,000 acres. The company in an official statement stated: “As part of this agreement, the firm will help develop a complete ecosystem for industrial, commercial, and residential development, while the government will provide access to land as well as assistance in obtaining various permits and licences.” “The collaboration, which is a joint venture between the Mumbai Metropolitan Region Development Authority (MMRDA) on behalf of the state government, will facilitate the creation of industrial clusters, warehousing and distribution hubs, entertainment hubs, data centres, and information technology parks for IT/ITES/BPO/KPO services,” it reads further. The company will also develop a knowledge management system which will share best operational practices, offer information on trends in multiple sectoral services, and assist in organising promotional conferences and roadshows. The firm will also be taking responsibility for leveraging its network and attracting business service delegations to invest in this project. Also Read IREDA urged to develop a strategy for project financing. Survey for Ludhiana railway station makeover begins

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?