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Singapore Group develops eighth tech park in India

Nayela Deeba | Aug. 30, 2016
The first building of the US$400 million park in Gurgaon is scheduled to be completed late next year.

Singapore's urban solutions company Ascendas-Singbridge has opened an IT park in Gurgaon, India.

The 24ha International Tech Park Gurgaon (ITPG) is still under development, with its first building scheduled to be completed late next year.

It will offer 8 million sq ft of business space for an estimated of 60,000 professionals, according to Ascendas-Singbridge. Besides an environmental friendly infrastructure, the tech park will offer spacious food courts and basic services such as banking, transport and covered parking spaces.

Ascendas-Singbridge has built seven other tech parks in other cities around India such as Bangalore, Pune, Chennai and Hyderabad. Gurgaon, which is known as an emerging business city, houses multinational corporations such as Microsoft Corp, Dell and Google .

"Each new park shouldn't simply replicate the last. We should set new standards whether in environmental friendliness, convenience to workers, something that makes businesses feel that they are different here," Singapore's Deputy Prime Minister Tharman Shanmugaratnam said at the launch of the park.

He added that the US$400 million(S$544 million) project is a significant investment in India. He also hopes that ITPG will set a benchmark in India and the world. 

 "Let us make this special for Haryana (the state Gurgaon is in), for India, for India-Singapore relations and for the rest of the world to see something here that is worth emulating," said Tharman.

 

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