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Singapore to draw up development plan for Pune Metropolitan Region

Press Trust of India  |  Singapore 

has partnered with the government to undertake massive developments in the Metropolitan Region.

Singapore's Minister-in-charge of Trade Relations S Iswaran and Maharashtra's Devendra Fadnavis, chairing the inaugural Maharashtra-Joint Committee meeting yesterday in Mumbai, signed a framework agreement to facilitate investments into the state.

They agreed to jointly work on the masterplan and airport for Pune, which is Maharashtra's fast-growing IT and hub, said the in a statement yesterday.

They also agreed to look at collaboration opportunities in Maharashtra's aviation, and port and logistics sectors.

The ministers also witnessed the signing of an MoU between and Metropolitan Region Development Authority (PMRDA) to collaborate on the planning and development of the Metropolitan Region (PMR).

PMRDA also presented a Letter of Award to Singapore's Surbana Jurong as its appointed

The Airport Development Corporation (MADC) also presented a Letter of Award to Changi Airports International (CAI) for for the proposed new

Enterprise Singapore, a state agency promoting investments, will work with PMRDA to identify key developments in the region and facilitate the participation of Singapore companies in urban infrastructure, transport and logistics, and

will also conduct activities for knowledge exchange in urban planning and development with PMRDA.

Iswaran said: "The partnership with marks another key milestone in our bilateral economic ties with

"Our collaboration on the including the development of the Pune masterplan and will deepen our engagement with Maharashtra and open doors to greater opportunities for our companies".

It will also strengthen Singapore's reputation and expertise in smart city development and urban rejuvenation, he said.

"We will work together to promote Maharashtra as an investment destination for Singapore companies, anchored by impactful and mutually beneficial projects," Iswaran said.

Tan Soon Kim, of said: "The MoU between Enterprise Singapore and PMRDA adds to our strong partnership and will boost Singapore companies' participation in urban infrastructure, transport and logistics, and opportunities in the region".

While in on May 17, Iswaran will also make a visit to to meet with members of the

He is accompanied by officials from the and Enterprise Singapore, the statement added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 17 2018. 11:15 IST