AIDC and Singapore firm ink letter of intent for infrastructure development

GUWAHATI: The Assam Industrial Development Corporation (AIDC) and Singapore-based firm Surbana Jurong signed a 'Letter of Intent' in Guwahati today in presence of Chief Minister Himanta Biswa Sarma and Singapore's Senior Minister Tharman Shanmugaratnam.

Speaking at the event, Chief Minister Sarma stated that the signing of the Letter of Intent would add new strength to the relationship between Assam and Singapore. Stressing the need for a masterplan to transform Guwahati into a world-class city, he added that the expertise of Surbana Jurong in the field of urban infrastructure development would be of immense help towards attaining that goal.

Sarma further spoke about the possibilities that Assam would provide to industries across the world in view of the centre stage it holds in the Act East Policy. He asked representatives of Surbana Jurong to make the best use of the opportunities offered in the infrastructure and allied sectors in Assam. The Chief Minister also stressed the need for critical infrastructures such as cold storage, supply-chain infrastructure, and modern modes of transportation, among others.

"Due to lack of infrastructure such as cold storage etc, many of Assam's produce are not able to reach markets where these products would be bought at attractive prices. As a result, a portion of the produce is sold at distress prices. Focusing on such infrastructure would be of immense help to farmers of the State," the Chief Minister added.

Singapore Senior Minister Tharman Shanmugaratnam lauded the role of the Chief Minister for the steps that have been taken for overall development of Assam. Terming the Chief Minister as a visionary leader, the Singapore Minister expressed the hope that in the days to come, the relationship between his country and Assam would reach newer heights.

"Now that we have crossed the worst phase of Covid-19 and the world resumes on path to recovery, Assam must utilize its full potential in the field of economic growth," Shanmugaratnam stated, adding: "I am certain we (Singapore and Assam) would be very good partners when it comes to cooperation in each other's field of expertise."

High Commissioner of Singapore to India Simon Wong Wie Kuen and Assam Industries and Commerce Minister Bimal Bora were also present during the ceremonial signing of the Letter of Intent.

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