Several Singapore companies have shown interest in making investments in infrastructure, gas, smart cities and other development projects in Punjab.
The companies conveyed this to the Punjab delegation during the CII North’s first out-of-country event, held on Monday and Tuesday, a statement said.
Punjab delegation, led by Finance Minister Manpreet Badal, along with PWD and IT Minister Vijay Inder Singla and Invest Punjab team had a series of B2G meetings with various companies during the CII Invest North 2018 event.
Spokesperson said that the Summit was held by the Indian High Commission in Singapore in collaboration with the Confederation of Indian Industry (CII).
Ascendas Singbridg and Changi have shown keen interest in planning and development of New Airport at ludhiana, Aerotropolis — a world class city development at ludhiana, and Mohali, Convention centres across the State.
“We have 5,435-acre land through pooling scheme for the new township ‘Aerotropolis’ for which we are now doing a conceptual plan,” said Singla. Expected to cost 2.6 billion dollars, a detailed project report is underway for the Mohali Aerotropolis.
Invest North is an annual event hosted by CII for promoting northern states as key investment destinations.
Punjab delegation also included Additional Chief Secretary Investment Promotion Vini Mahajan, Principal Secretary Finance Anirudh Tewari and CEO Invest Punjab Rajat Aggarwal, industrialists Rajinder Gupta, Kamal Oswal, Sanjiv Arora, RS Sachdeva, Karan Gilhotra, Pankaj Munjal, Upkar Ahuja, Bhavdeep Sardana among others.
The delegation held multiple meetings with industries and investors based in Singapore and explored fields of mutual engagement. The delegation also called on Singapore’s Foreign Minister Dr Vivian Balakrishnan, Minister for Higher Education and Skills Ong Ye Kung, Minister for Communication and Minister-in-charge for Trade Relations S Iswaran, and ITE College Principal Dr Ang Kiam Wee.