Page 16 - CIJ Nov 2023 Digital Edition
P. 16
News Track
India’s First Net Zero Business
Delhi’s
sanitation crisis Park Unveiled
elhi’s Chandni Chowk’s n a move towards sustainable With the development of phase
main market area faced development, CapitaLand two already in motion, the
piles of garbage strew all Investment Limited (CLI) park is expected to commence
Dover as the operator had Ihas launched India’s first
suspended services due to non- operations by the second quarter
payment of its dues by the PWD. Net Zero business park in of 2024.
Chennai. The inauguration of
The traders and local market the International Tech Park This venture is part of the
associations have stated that Chennai, Radial Road, was CapitaLand India Growth
the market is witnessing poor Fund 2 (CIGF2), which targets
sanitation conditions amid high graced by Tamil Nadu Chief investments in Grade A business
footfalls during the festive Minister M.K Stalin, signalling parks in prime locations across
season ahead of Diwali. an investment of 500 million India’s gateway cities. The fund,
“The garbage has not been Singapore dollars over the next with a target size of 525 million
lifted from the main market area five years in the region. Singapore dollars, has already
for days while officials from the CLI’s flagship project has
private concessionaire said that been certified by the Indian acquired a significant stake in
their pending payments have Green Building Council (IGBC) the ITPC-Radial Road as a seed
not been released,” complained for its outstanding commitment asset.
Sanjay Bhargava, who heads the to energy efficiency, water CLI’s CEO, Sanjeev
Chandni Chowk Sarv Vyapar conservation, and waste Dasgupta, emphasised the
Mandal. management. The business park company’s commitment
“Diwali is less than a week spans 5 million square feet and to enhancing the state’s
away and thousands of people is designed to accommodate infrastructure, with a focus
are visiting the market. During over 50,000 IT service
such an important time, the on IT parks, logistics, and
sanitation system has collapsed professionals across four Grade data centres. The Tamil Nadu
once again. We faced a similar A office blocks. government has welcomed
situation in mid-October when The first phase of the park, this initiative, recognizing
the contractor stopped working covering 1.3 million square CapitaLand’s two-decade-long
due to non-payment of dues. The feet, has already secured a lease partnership in powering the
assurances have not been met,” with Vestas Wind Technology state’s knowledge economy and
he added. India for approximately 250,000 infrastructure for IT and ITES
Yogesh Singhal, who is the square feet of office space. companies.
chairman of the Bullion and
Jewellers association in Chandni
Chowk’s Kuncha Mahajani,
said that the whole market was
littered with garbage. “The
main toilet complexes near the
Town Hall are lying locked and
women customers are facing
inconvenience. It clearly leads to
a poor outlook for the prestigious
market and negatively impacts
our business. The government
should intervene to resolve the
situation,” he added.
NOVEMBER 2023•Clean India Journal
16 www.cleanindiajournal.com
