Malaysia proposes to invest $30 billion in urban development and housing projects in India

[Ryuzaki]

NEW DELHI: The Construction Industry Development Board (CIDB) of Malaysia has proposed to invest $30 billion in urban development and housing projects in India.

A 30 member strong business delegation that was headed by Malaysia's Minister of Works Haji Fadillah Bin Haji Yusof met India's union urban development and housing & urban poverty alleviation minister Venkaiah Naidu in New Delhi and held detailed discussions

CIDB officials made presentations to Naidu and senior ministry officials on concept plans for two proposed projects. Redevelopment of New Delhi Railway Station's adjoining area as a mini-smart city is proposed to be taken up with an investment of about $24 billion. CIDB also proposed to take up a green city project at Garhmukhteshwar in Uttar Pradesh involving housing and Ganga cleaning projects with an investment of about $4 billion.Indian government body National Buildings Construction Corporation will be associated with these projects.

Read more at:
Malaysia proposes to invest $30 billion in urban development and housing projects in India - The Economic Times

 

[topgun047]

Didn't Malaysia get independence after India ?

Shame on our culture of sycophancy and reservations.

 

[Bilal9]

Didn't Malaysia get independence after India ?

Shame on our culture of sycophancy and reservations.

They had the fortunate circumstance of having a person named Mahathir Muhammad as a visionary leader. Unlike our corrupt leaders in the subcontinent.

Malaysia has its corruption too. But they utilized their Chinese population as a great business tool.

And by no stretch can you call Malaysia a 3rd world country anymore. By infrastructure it is first-world.

 

[cybertron]

They had the fortunate circumstance of having a person named Mahathir Muhammad as a visionary leader. Unlike our corrupt leaders in the subcontinent.

Malaysia has its corruption too. But they utilized their Chinese population as a great business tool.

And by no stretch can you call Malaysia a 3rd world country anymore. By infrastructure it is first-world.

I was jus reading up about Mahathir and came across this - " Mahathir's father, Mohamed Sikander Kutty, is of Indian ancestry, hailing from Thalassery town, located in the Kannur district in the state of Kerala, India"

Lol... Mallus are everywhere!!! :-D

 

[Mr.Nair]

Malaysian agency proposed to redevelop New Delhi railway station’s adjoining area as a mini-smart city with an investment of about $24 billion along with taking up a green city project worth $4 billion at Garhmukhteshwar in Uttar Pradesh.

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[JohnyD]

I doubt their ability to invest so much and our ability to make it happen!