A comprehensive framework for India’s first net-zero industrial park is likely to be completed within the next year as a result of collaborative efforts between the Tamil Nadu and Singapore governments, says SIPCOT Managing Director・Director Senthil Raj said. (Tamil Nadu) at the Tamil Nadu Global Investor Conference (TNGIM).
The framework will guide the establishment of a net-zero industrial park, which SIPCOT plans to design and build in north Chennai. This could become India’s first net-zero industrial park.
Last year, SIPCOT invited Tamil Nadu Chief Minister MK Stalin and other state ministers and other state ministers during their visit to key countries to collaborate with Singapore, India and India under the Ministry of Trade and Industry (MTI) to collaborate on sustainable industrial parks. An agreement was signed with the Partnership Office (SIPO). Officials from the Government of Tamil Nadu were dispatched to Singapore to promote TNGIM.
The collaboration between SIPCOT and MTI-SIPO brings together Singaporean institutions such as Center for Liveable Cities and JTC Corporation as knowledge partners of SIPCOT, an industrial land developer in Tamil Nadu.
“We have been working closely with SIPO since our visit to Singapore last year and the signing of the Memorandum of Understanding. Conversations are continuing between us. “We continue to learn and explore how to arrive at our framework. We hope to conclude within the next year,” he said during a session at TNGIM.
It is believed that Singaporean companies have developed expertise in these areas that can be leveraged for mutual benefit through collaboration with Tamil Nadu and Indian companies.
Professor Ty Lee Siang, Head of the Architecture and Sustainable Design Pillar at Singapore University of Technology, emphasized the net zero framework and said that net zero industrial park projects will be achieved through green master plans and the construction of green buildings. He said it can be done. ‘Business as usual. Other scopes include an “excess” supply of renewable energy at district and building level, and increased network effects of green areas to reduce carbon emissions in logistics and supply chains.
“The problem of climate change can no longer be tackled by increasing green spending without thoroughly and systematically addressing ‘business as usual’. We need a major reset,” added Sian.
Earlier, Singapore’s High Commissioner to India Simon Wong said that Singapore is a long-standing partner of Tamil Nadu and that Singaporean companies are committed to working with Tamil Nadu across high-growth sectors such as sustainability and infrastructure. It said it has committed to invest around Rs 31,000 crore. Collaboration of technology and skills is also possible.
He also said that given the cultural and historical closeness between the two states, Tamil Nadu is often the first port of call for Singaporean companies looking to South India.
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