Singapore has partnered India’s Maharashtra state to masterplan and undertake urban infrastructure developments in the Pune Metropolitan Region (PMR). Pune is Maharashtra’s fast-growing IT and manufacturing hub.
The city state will also be collaborating with Maharashtra in the development of the Pune Airport, according to a press release by the Ministry of Trade and Industry.
Minister-in-charge of Trade Relations S Iswaran and Maharashtra’s Chief Minister Devendra Fadnavis signed a framework agreement on May 16, 2018, to facilitate Singapore investments into Maharashtra. Both sides agreed to look at collaboration opportunities in Maharashtra’s aviation, urban infrastructure and port and logistics sectors.
A Memorandum of Understanding (MoU) was also signed between Enterprise Singapore and Pune Metropolitan Region Development Authority (PMRDA) to collaborate on the planning and development of the PMR.
Enterprise Singapore 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 manufacturing. The agency will also conduct activities for knowledge exchange in urban planning and development with PMRDA.
“The partnership with Maharashtra marks another key milestone in our bilateral economic ties with India," said S Iswaran. "Our collaboration on the Pune Metropolitan Region including the development of the Pune masterplan and Pune Airport will deepen our engagement with Maharashtra and open doors to greater opportunities for our companies."
The Minister added that the agreement will also "strengthen Singapore’s reputation and expertise in smart city development and urban rejuvenation."
Tan Soon Kim, Assistant Chief Executive Officer of Enterprise Singapore said, “Maharashtra is one of the fastest-growing states in India, with Pune being a key driver of this growth. Singapore companies across sectors including urban solutions, consumer and financial services have been contributing to Pune’s growth. The MOU between Enterprise Singapore and PMRDA today adds to our strong partnership and will boost Singapore companies’ participation in urban infrastructure, transport and logistics, and manufacturing opportunities in the region.”