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Chennai, Nov. 24

A delegation of high-level officials led by the Tamil Nadu Deputy Chief Minister, Mr M.K. Stalin, visited the Singapore Urban Redevelopment Authority and the Financial District to study their working to replicate similar models here, according to an official press release. The Tamil Nadu Government has announced plans to establish a financial city near Chennai to attract investments in financial services sector. The Government is considering a 250-acre facility at Sholinga nallur to the south of Chennai on the IT Corridor where the financial city could be established. The Tamil Nadu Industrial Development Corporation (Tidco) is the nodal agency to implement the project. The release said the delegation of officials met with the representatives of the Singapore Urban Redevelopment Authority to study the international operations of the Financial District. The delegation also visited the project sites and agencies handling the maintenance and operations of Singapore’s Marina Bay, a waterfront development project, waterways maintenance and the MRO (Maintenance, Repair and Overhaul) facilities for aircraft. The State Government has announced plans to clean up Chennai’s waterways and also set up an MRO facility. –

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