AP to utilise Singapore's expertise in construction industry
The Indian State of Andhra Pradesh will now utilise the expertise of Singapore in building a vibrant and productive real estate and construction industry. In this connection, Building and Construction Authority (BCA) of Singapore has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Real Estate Regulatory Authority (APRERA). A consortium of Singapore construction firms is finalising a textile park design and construction project with the Andhra Pradesh developers worth SGD60 million. In addition to this, construction companies of Singapore like TiongSeng and CKR are in talks with developers in Andhra Pradesh to provide precast solutions. Notably, APRERA is the authority overseeing the orderly development of the real estate sector (especially residential properties) in Andhra Pradesh. Around 30 companies are joining the delegation with BCA on the mission trip to Andhra Pradesh. These companies include contractors, consultants, material suppliers, IT firms and trading and investment firms. These companies have expressed interest in venturing into the market in Andhra Pradesh. Construction companies like Tiong Seng and CKR are in talks with developers there to provide precast solutions.
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