India News | AIDC, Singapore's Surbana Jurong Ink Pact for Guwahati Development

Guwahati, Jul 4 (PTI) Assam Industrial Development Corporation (AIDC) and Singapore-headquartered Surbana Jurong on Monday signed a 'letter of intent' for urban infrastructure development works here.

The agreement was signed in the presence of Assam Chief Minister Himanta Biswa Sarma and Singapore Senior Minister Tharman Shanmugaratnam, the CM's Office said in a release.

Also Read | Mumbai: Four Teens Steal Gold Ornaments Worth Rs 2 Lakh From Kalimata Temple in Dahisar, Arrested.

Speaking at the event, Sarma stated that the signing of the 'letter of intent' would add a new strength to the 'organic relationship' between Assam and Singapore.

Stressing on the need for a master plan to transform Guwahati into a world-class city, he said the expertise of the Singapore-based firm in the field of urban infrastructure development would be of immense help towards meeting that goal.

Also Read | Hyderabad Shocker: Man Sets Self Afire in Marriage Hall Where Girl He Liked Was Getting Married, Dies.

Commenting on the development, Shanmugaratnam said, "Now, we have crossed the worst phase of COVID-19 spread and the world resumes on path to recovery. Assam must utilise its full potential in the field of economic growth."

Sarma stressed on the need for critical infrastructures such as cold-storage, supply-chain and modern modes of transportation among others in the state.

"Due to lack of infrastructure such as cold storage, several products of Assam are not able to reach markets where these could be sold at attractive rates.

"As a result of which (lack of infrastructure), a portion of the produce are sold at distress price. Focussing on such infrastructure would be of immense help to farmers of the state," the chief minister added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)