Singapore announces Rs 31,000 crore investment in Tamil Nadu

High Commissioner of the Republic of Singapore Simon Wong on Sunday announced plans to invest Rs 31,000 crore in Tamil Nadu.

Speaking before the start of country sessions at the 2024 Global Investors Meet, he recalled the visit of a Tamil Nadu delegation led by Prime Minister MK Stalin to Singapore last year to invite investors to GIM. . “I must report to our guests here that we have been a long-standing partner of the state of Tamil Nadu for centuries. Thanks to you, we have committed to visit GIM in a big way. Around 80 business people. We have committed Rs 31,000 crore to invest in Tamil Nadu…Tamil Nadu As the state’s first partner country, we want to ensure that [the State] “Our journey will be a long one,” he said.

Professor Ty Lee Siang, Head of Architecture and Sustainable Design at the Singapore Institute of Technology, said that in order to create a design for a “net zero” society, it is important to have a specific intention to design for that society. He said there is a need for increasingly “green” cities. Alternatively, a net-zero city will be built on the foundations of a “business as usual” approach. Professor Siang, who delivered the keynote speech on creating the framework for India’s first net-zero industrial park, said: “Designing for a net-zero world means we need to make a deliberate effort to design for it.” “We haven’t seen any such efforts since 2016.” A well-designed implementation leads to measurable results. I call this Plan B, but Plan B is not Planet B. There is no such thing as Planet B. More importantly, it’s “business as usual.” [mindset] Because that’s the part that actually causes a lot of problems. ”

He added that responsible industrial park developers, urban and district developers should look to “solarization”. “So we will increasingly have to look at other places where we can maximize solarization. For example, in Singapore, as you know, we have water supply and water sustainability issues. “We thought we could install solar panels in the area, and solved two problems at once,” he said.

Professor Siang added that “net zero” industrial parks need to start with Scope 1, a green master plan that deploys green buildings that address a “business as usual” approach. Scope 2 is to ensure an “excess” supply of renewable energy at district and building level. Scope 3 is to increase the network effect of green areas to reduce carbon emissions in the logistics and supply chain.