RAKEZ and EPDA partner to streamline environmental approvals for key industrial sectors

Ras Al Khaimah, 23 February 2026: Ras Al Khaimah Economic Zone (RAKEZ) has signed a strategic Memorandum of Understanding (MoU) with the Environment Protection and Development Authority (EPDA) to establish a structured and efficient approval framework for new industrial activities across priority sectors in the emirate.



The MoU was signed by Ramy Jallad, Group CEO of RAKEZ, and H.E. Dr. Abdulrahman Al Shayeb Al Naqbi, Acting Director General of EPDA. The agreement introduces a streamlined verification and environmental approval process covering the cement, chemical, and general industrial sectors. The framework has been developed in close alignment with RAKEZ’s HSE Department to ensure seamless coordination between regulatory and operational functions. The collaboration aims to enhance regulatory clarity, accelerate licensing procedures, and ensure full compliance with environmental standards while supporting sustainable industrial growth in Ras Al Khaimah.

Under the new framework, industrial companies will benefit from a faster and more streamlined environmental approval process, making it easier to move projects forward with greater clarity and efficiency. The MoU also ensures coordinated handling of expansion and modification requests, with clear guidance on environmental requirements from the outset. This structured approach enhances transparency for investors, and strengthens collaboration between EPDA and RAKEZ HSE to support sustainable industrial growth.

Beyond approvals, the partnership enables enhanced knowledge sharing, technical alignment, and joint training initiatives between EPDA and RAKEZ’s HSE teams to further strengthen environmental governance and promote best practices across the industrial ecosystem.

Commenting on the partnership, Ramy Jallad, Group CEO of RAKEZ, said, “This collaboration reflects our shared commitment to balancing industrial growth with environmental responsibility. By aligning processes and enhancing coordination with EPDA, we are creating a more predictable and efficient framework that benefits investors while upholding the highest environmental standards.”

H.E. Dr. Abdulrahman Al Shayeb Al Naqbi, Acting Director General of EPDA, added: “This Memorandum of Understanding with RAKEZ represents a significant step forward in our shared vision of integrating world-class environmental stewardship with streamlined industrial development. By establishing clear, time-bound approval frameworks, we are not only enhancing regulatory clarity for investors in the cement, chemical, and industrial sectors but also reinforcing our commitment to protecting Ras Al Khaimah’s environment. This collaboration ensures that as we facilitate faster business setup and expansion, we do so with the highest standards of compliance and technical oversight, ultimately fostering a sustainable and competitive industrial ecosystem for the emirate.”

RAKEZ is home to nearly 40,000 companies across diverse sectors and continues to strengthen its ecosystem through strategic partnerships that enhance operational efficiency, regulatory clarity, and long-term sustainability.

APSEZ, NMDC and Vale Brazil Sign MoU on Iron Ore

Hyderabad, Feb 23: Adani Ports and Special Economic Zone Ltd (APSEZ), the world’s fastest-growing integrated transport utility, through its subsidiary Adani Gangavaram Port Limited (AGPL), has signed a strategic Memorandum of Understanding (MoU) with NMDC Limited (A Government of India Enterprise) and Vale S.A. (Brazil) at the India–Brazil Business Forum Summit held in New Delhi.

The MoU was signed during the official visit of H.E. Luiz Inácio Lula da Silva, President of Federative Republic of Brazil to India, and in presence of Shri Piyush Goyal, Minister of Commerce and Industry of India, underscoring the deepening India–Brazil strategic partnership.

The agreement establishes a strategic framework for the development of an iron ore blending facility and a dedicated Special Economic Zone (SEZ) at Gangavaram Port. Under this collaboration, the parties will jointly develop, operationalize, and manage an integrated SEZ‑based ecosystem for the blending, value addition, and commercialisation of iron ore. This initiative is designed to strengthen the iron ore export value chain on India’s East Coast while enhancing efficiency, scale, and global competitiveness in mineral processing and trade. With this development, the capacity of Gangavaram Port will increase up to 75 MMT, and it will become a hub for iron ore exports for India and the region.

“This collaboration reflects a shared commitment to building resilient, future-ready infrastructure that strengthens India’s position in global supply chains,” said Mr. Ashwani Gupta, Whole-time Director & CEO, APSEZ. “By integrating high-quality mineral logistics with advanced port capabilities, we are supporting industry requirements while contributing to the country’s broader economic growth. Our partnership with NMDC and Vale will help establish a modern, efficient, and sustainable ecosystem for the iron ore sector on the East Coast. Gangavaram Port is poised to become the first port in India capable of handling Valemax vessels — the world’s largest Very Large Ore Carriers (VLOCs).”

The collaboration will involve:

·       Development of an integrated iron ore blending and value-addition ecosystem within a dedicated SEZ at Gangavaram Port.

·       Establishment of fully mechanised berthing and cargo‑handling facilities capable of accommodating Valemax vessels with a carrying capacity of up to 400,000 MMT.

·       End-to-end yard management, blending operations, and vessel discharge and loading to enhance supply chain efficiency.

·       Strengthening Gangavaram’s position as a consolidated export hub for iron ore and port-led industrial growth.

Together, this partnership positions Gangavaram Port as a strategic gateway for global iron ore trade and reinforces India’s emergence as a competitive, future-ready maritime hub.

Accelerating Deep-Tech Entrepreneurship: NXP India in collaboration with Industry, Govt and Academia kickoffs the 6th Season of NXP India Tech Startup Challenge

New Delhi, Feb 23: NXP India, one of the largest R&D centers for NXP Semiconductors and a leader in secure connectivity and embedded processing solutions, announced the launch of Season 6 of the NXP India Tech Startup Challenge, continuing its mission to drive innovation and entrepreneurship.

Organized in collaboration with Startup India Hub, this initiative aligns with the Government of India’s vision to strengthen and scale the country’s startup ecosystem through the Startup India initiative, driving innovation, entrepreneurship, and global competitiveness. The program aims to enhance global visibility and network scalability for tech startups, while providing access to incubation, mentorship, and international exposure.

Electropreneur Park (ESDM Incubator), SFAL (Semiconductor Fabless Acceleration Lab), FabCi at IIT Hyderabad and INCeNSE at IISc Bengaluru will extend equity-free incubation, access to advanced labs, and expert mentorship to the Top 10 selected startups, helping them accelerate product development, refine business strategies, and scale their innovations.

Additionally, Extreme Tech Challenge (XTC), a US based non-profit organization, will give a special award for “Excellence in Applied AI” recognizing innovative use of “applied intelligence” for a better world. The winner of the “Applied AI” award will be invited to showcase their startup at XTC’s flagship annual AI conference in California, USA in November 2026.

“Since 2021, the NXP India Tech Startup Challenge has been one of our key engines for fuelling India?s fast-growing deep-tech and semiconductor ecosystem,” said Lars Reger, Executive Vice President and Chief Technology Officer at NXP Semiconductors. “As we kick-off Season 6, our mission stays the same: empower bright minds with the right mix of mentorship, industry connections, and access to global platforms-so they don?t just innovate locally, but compete and collaborate on a truly international scale.”

The challenge is dedicated to supporting startups working on IP development, processors, semiconductor fabless ASIC design, and embedded product development across key domains, including Automotive, Industrial & IoT, Smart Cities, Smart Homes, Healthcare, and Energy Management.

“Our vision is to build an ecosystem where sustainable development and technology with social purpose are integral to how startups innovate and grow. Through Season 6 of the NXP India Tech Startup Challenge, we are excited to connect Indian entrepreneurs with global networks, technical expertise, and opportunities that can help transform breakthrough ideas into impactful, scalable solutions.” said Hitesh Garg, Vice President and India Managing Director, NXP Semiconductors.

Key Program Benefits:

Top 3 winning startups will receive:

• INR 10 Lakhs in prize money, equally distributed among the winners (inclusive of applicable taxes)
• Exclusive mentorship – three interactive sessions per month for three months with NXP India’s technical leadership experts

Top 10 selected startups will benefit from:

• Industry visibility and networking opportunities with NXP and ecosystem partners
• Up to 3-month equity-free pre-incubation at Electropreneur Park (ESDM Incubator), including access to state-of-the-art ESDM lab equipment, business and technical mentorship, supplier connections, and reimbursement of prototyping expenses up to INR 50,000
• Up to 4-month equity-free cohort program at SFAL, with access to high-value In-Kind Partner (IKP) assets, FPGA Innovation Lab@SFAL, specialized tools, business guidance, and investment mentorship
• Up to 3-month equity-free pre-incubation at INCeNSE, IISc Bengaluru, including in-kind partner support worth INR 50,000 per startup, access to nanofabrication and characterization facilities, faculty mentorship, and participation in industry events
• Selected Top 10 start ups will be aided to incubate at i-TIC, the deep tech incubator of IIT Hyderabad. They will be provided access to the state of the art characterization facilities for chip and system testing. Further, they will be mentored by expert faculty in semiconductor design domain for a period of six months.

Winner of the XTC Excellence in Applied AI Award will benefit from:

• Inclusion in Extreme Tech Challenge’s global ecosystem of investors and corporate innovation teams
• Publicity through XTC’s media channels
• Invitation to attend XTC’s flagship annual AI conference in California, USA in November, 2026.

Program Timeline:

• Application Open Date: February 17, 2026
• Application Closure Date: March 20, 2026
• Internal Evaluation Completion: April 30, 2026
• Grand Finale Event: May 28, 2026 (Virtual)

Eligible applicants must be startups incorporated in India as Private Limited Companies with at least 51% Indian ownership. The challenge seeks the most innovative technology startups working in AI, ML, IoT, 5G, Edge Computing, Functional Safety, Ultra-Wideband, Wi-Fi 6, and beyond.

Season 5 winners, including Bharat Pi, Deepfacts, Lapa Electric, and Adaslabs Technologies, along with past winners such as Muse Diagnostics, Reflex Drive (Sunmint Energy), and Glovatrix, have gained significant industry traction and global visibility. Past winners have also been featured on platforms like Shark Tank India, showcasing the impact of this initiative.

Ambuja Cements Empowers Self–Help Group Member in Ropar through Sustainable Livelihood Support

Punjab, 23 Feb:  Ambuja Cements, the 9th largest building materials solutions provider globally and part of the diversified Adani Portfolio as part of its CSR initiatives, has transformed the life of Kuldeep Kaur, a member of Guru Teg Bahadur Self-Help Group (SHG) from Ghanaouli village in Ropar district, through its sustained livelihood support initiatives.

Kuldeep, who belonged to a financially vulnerable family, faced severe hardships after marriage. With her husband earning ₹7,000 per month as a labourer and her son suffering from serious health issues, the family struggled to meet basic needs. In 2005, she joined the SHG and in 2008 began knitting training with support from Ambuja Cements, marking a turning point in her journey.

Despite personal challenges, she steadily developed her skills and established her own income-generating activity in knitting. Her earnings enabled her to secure proper medical treatment for her son, build her own house and support her daughter’s education in the medical stream.

Recognising her dedication, Ambuja Cements encouraged her to become a knitting trainer. Since then, she has trained women across 20 villages, opened a wool shop and distributes knitting orders among SHG members. During peak season, she earns up to ₹80,000 per month. Her journey stands as a testament to the impact of women empowerment and sustainable livelihood initiatives supported by Ambuja Cements.

Three Years, Stronger Every Year: How Sharada Mundada Built a Thriving Insurance Career with PBPartners

Bengaluru, Feb 23: Policybazaar’s PoSP arm, PBPartners, is enabling individuals across India to turn ambition into sustainable insurance careers. One such inspiring journey is that of Sharada Mundada from Bengaluru, a testament to three years of consistent growth, resilience, and determination.

She began her insurance journey with PBPartners, eventually evolving from a new advisor into a high-performing partner while building a solid presence in the industry.

Business Growth, Learning, and Recognition

Over the period of three years, Sharada has grown her business, supported by PBPartners’ integrated digital platform that streamlines product access, servicing, and renewals. She also participated in specialised training programs to strengthen her product understanding and business clarity. Her journey has been recognised through the PBP One loyalty program, where she redeemed multiple rewards and earned international travel opportunities to Dubai, Vietnam, and Thailand.

Building a Diverse and Trusted Insurance Portfolio

Sharada began her journey with a focus on health insurance and gradually expanded into multiple insurance segments. With access to a wide pool of insurers through PBPartners, she was able to offer tailored solutions to customers across categories, helping her strengthen client relationships while expanding her business reach. This flexibility enabled her to build credibility and position herself as a reliable insurance advisor.

Support and Future Outlook

Sharada describes her journey with PBPartners as both independent and well-supported. She shared, “The PBPartners team and my Relationship Manager have always provided dependable support while allowing me the independence to grow my business in my own way.”

With a strong foundation in place, she now looks forward to expanding her reach further and exploring new opportunities with PBPartners.

Climate Jobs Fair Connects Climate Startups with Young Talent at DCIW 2026

New Delhi, Feb 23: Day Two of Delhi Climate Innovation Week (DCIW) 2026 witnessed 19 events across Delhi NCR, as part of the week-long platform featuring 110+ climate-focused events over seven days. 

A major highlight of the day was the Climate Jobs Fair 2026, hosted at TERI School of Advanced Studies (TERI SAS) in collaboration with Climate Collective Foundation (CCF). The fair brought together climate technology-focused startups, students, researchers, and young professionals for a day dedicated to green careers and workforce readiness.

Participating startups represented sectors including clean energy, energy efficiency, mobility, AI, grid intelligence, circular economy, and waste management. Startups engaging with talent at the fair included KHEONI, Valency Energy, TRILLECTRIC, and 3R Zerowaste Pvt Ltd, among others. About 100+ job seekers engaged with the startups and spot interviews were conducted across the day.

Beyond recruitment interactions, the Climate Jobs Fair featured sustainability games, a climate quiz, resume-building sessions, and direct founder–student networking. The event positioned itself not merely as a hiring drive but as a structured career exploration platform, connecting young people to the expanding climate innovation ecosystem.

India’s climate innovation landscape has expanded significantly in recent years, with nearly 4,000 clean tech startups now active across the country — a sharp rise from just a few dozen a decade ago. Yet, a gap persists between emerging opportunities and awareness among youth. The Climate Jobs Fair aimed to address this mismatch by creating direct pathways between climate enterprises and aspiring professionals.

Prof. Suman Kumar Dhar, Vice Chancellor, TERI School of Advanced Studies, said: “At TERI School of Advanced Studies (TERI SAS), we are committed to nurturing the next generation of ‘sustainability natives.’ The Climate Jobs Fair 2026 is a vital bridge between academic excellence and real-world impact. The future of work is undeniably green. As a pioneer in sustainability education and research, TERI SAS recognizes that solving the climate challenge requires a highly specialized and dedicated workforce. This jobs fair serves as a catalyst for innovation, connecting talented minds with organizations that are at the forefront of climate action. TERI SAS in collaboration with Climate Collective Foundation (CCF) is proud to provide a platform where education meets opportunity, driving the systemic change needed for a sustainable and equitable planet.”

Jui Joshi, Partner, Climate Collective Foundation, added: “Less than a decade ago, climate careers were seen as niche. Today, they are central to India’s growth story. With India’s green economy booming and projected to create 48 million full time jobs by 2047, a large portion of this will be led by fast-growing startups transforming climate goals into a massive employment reality. The climate transition is creating real businesses and real jobs across sectors. The Climate Jobs Fair aims to support startups in building the right talent pipeline during their crucial phase of growth. It makes these opportunities visible and accessible — showing young people that climate is not just impact work, it is a serious and rewarding career path.”

The event also saw participation from school students exploring future academic streams, as well as Masters and PhD scholars seeking internships and placements. Faculty leaders from TERI SAS emphasised the importance of building early exposure at school level while strengthening forward linkages into industry — reinforcing academia–industry collaboration.

Also on Day Two of DCIW, an event titled “Building Climate-Ready Talent: Data and AI Pathways for Climate Action” was hosted by data.org, spotlighting the growing importance of data science and artificial intelligence in climate action. The session explored how data-driven tools are strengthening heat risk and vulnerability mapping, supporting climate finance and Loss & Damage evidence, and enabling informed local climate planning. Through an interactive engagement format, participants explored learning pathways in data-driven climate careers, further reinforcing the central theme emerging from the day: India’s climate transition requires not only technology and capital, but skilled, interdisciplinary talent. 

Surya Brasil Accelerates India Expansion after 30% growth in the US; Launches New Hair Care Range

New Delhi: Feb 23:Surya Brasil, the Brazilian clean beauty brand known globally for its natural henna-based hair colour solutions, has announced the expansion of its product portfolio in India. The company aims to further reinforce and amplify its flagship Henna Cream while introducing a wider range of hair care and treatment products tailored for the Indian market.

With a presence in over 40 countries, Surya Brasil is strengthening its focus on key growth markets including India, supported by increased investments in marketing and trade engagement to deepen reach and visibility.

The expansion builds on Surya Brasil’s strong growth momentum in the United States, where the brand recorded 30% growth last year and outpaced the hair colour category by 16 percentage points, according to NielsenIQ data. This performance reflects rising consumer preference for natural and clean beauty alternatives.

The timing aligns with the rapid growth of the global natural cosmetics industry, which is projected to reach USD 74 billion by 2028. Increasing consumer awareness around ingredient transparency and sustainability is reshaping buying behaviour in India, particularly in the hair care segment. Surya Brasil’s expanded range aims to serve both professional salons and conscious consumers looking for effective, plant-based alternatives.

“At Surya Brasil, we have always believed that what you apply to your hair and skin matters,” said Clelia Angelon, Founder and CEO of Surya Brasil. “India has been an inspiration to us through Ayurveda, and expanding our portfolio here feels both strategic and meaningful.”

As part of its expansion, Surya Brasil is introducing a broader portfolio of complementary hair care and treatment products designed to create a complete clean beauty routine. The new additions include The Color Fixation line, The Hair Therapy range, The Balanced Cleansing Shampoo, The Nourishment & Protection conditioner, Brazilian Vegetable Keratin, The Force line and The Bio Finishers range. Henna Clean and Henna Force further extend the brand’s offering with treatment-focused solutions aimed at improving scalp health and strengthening hair from root to tip.

The flagship product Henna Cream remains at the centre of Surya Brasil’s India strategy. Formulated with up to 98% natural ingredients, the product offers full grey coverage while nourishing and strengthening the hair. Free from harsh chemicals such as ammonia and its by-products, including ethanolamine and triethanolamine, as well as PPD, Surya Brasil is aiming for a considerable market penetration in the natural hair care category with this flagship product.

With manufacturing headquartered in São Paulo and operations in Houston and Milan, Surya Brasil brings international quality standards and long-standing clean beauty credentials to the Indian market. The company says it remains committed to ethical formulations, responsible sourcing, and long-term investment in the region.

Hon’ble Dr Justice (Retd.) Sanjaya Kumar Mishra, President of GSTAT, inaugurates the GSTAT Summit in Hyderabad

GSTAT is designed to provide a transparent, efficient and fully digital platform for GST appeals, says President, GSTAT

Hyderabad, Feb 21,: Hon’ble Dr Justice (Retd.) Sanjaya Kumar Mishra, President of the Goods and Services Tax Appellate Tribunal (GSTAT), inaugurated a half-day Summit on GST Appellate Tribunal in the city on Saturday.

 Addressing the gathering as Chief Guest, he observed that multiple lakh appeals are expected to be filed before June 30, 2026, the notified cut-off date for filing appeals before GSTAT.

 Creating awareness about the newly operational tribunal, Justice Mishra said that GSTAT is a specialised appellate body that hears disputes related to GST and functions as the second appellate authority in the GST dispute resolution mechanism.

 The operationalisation of GSTAT marks a transformative step in India’s indirect tax dispute resolution framework. It is designed to provide a transparent, efficient, and fully digital platform for addressing GST-related appeals, he said.

 He further urged taxpayers and practitioners not to wait until the last moment to file appeals.

 With a significant number of appeals expected before the June 30, 2026 deadline, I strongly advise taxpayers and professionals to file well in advance. Early filing will ensure smoother processing and avoid unnecessary hardship, he said.

 Explaining the appellate framework, he stated that under the GST Act, if a taxpayer is aggrieved by an order passed by a GST Officer, an appeal can first be filed before the First Appellate Authority. If still dissatisfied, the taxpayer can approach GSTAT.

 Prior to GSTAT becoming operational, taxpayers had to approach High Courts directly after the first appeal, which led to delays and increased litigation costs.

 Justice Mishra noted that GSTAT will handle tax demand disputes, Input Tax Credit (ITC) issues, refund claims, penalties, classification disputes, and interpretation of GST provisions. The tribunal offers a structured technical and judicial forum, speeds up dispute resolution, and reduces the burden on High Courts.

 He informed that the system is transparent, paperless, and fully online, with appeals to be filed electronically through the designated GST portal.

 Interacting with the media on the sidelines of the summit, Justice Mishra observed that the proposed simplification under GST 2.0 could potentially reduce litigation in the long run.

 He earlier inaugurated the summit in the presence of several luminaries from the GST regime, R Ravi Kumar, KK Maheshwari, Srinivas Garimella, and the office bearers of the FTCCI

 The operationalisation of the GST Appellate Tribunal marks a defining moment for the business and professional community. A structured and specialised appellate forum like GSTAT strengthens confidence in the GST framework by ensuring timely and expert resolution of disputes. As industry stakeholders, we welcome this development and encourage businesses and tax professionals to understand the procedures thoroughly and make proactive use of the system. FTCCI remains committed to creating platforms that bridge policymakers, administrators, and industry for a more transparent and efficient tax ecosystem, said R Ravi Kumar, President of FTCCI giving his welcome address

 The summit was organised by the Federation of Telangana Chambers of Commerce and Industry (FTCCI) at Hyatt Place, Banjara Hills.

 Titled “GSTAT: Navigating the New Era of GST Litigation,” the summit was conducted in the backdrop of the formation and operationalisation of GSTAT.

 Members of GSTAT from Telangana and Andhra Pradesh participated in the programme, along with senior officials and experts from GSTN and the State GST Department.

 In his opening remarks, Mohd. Irshad Ahmed, Chair, GST & Customs Committee, FTCCI, said that the summit was organised at a crucial juncture in the GST framework.

 “With GSTAT becoming operational, it marks a significant step in strengthening the GST dispute resolution mechanism. The programme aims to equip professionals and businesses with clarity and practical insights into the functioning and procedures of the newly formed appellate body,” he said.

 The half-day summit featured technical sessions on the structure and functioning of GSTAT, a practical walkthrough of the GSTAT e-filing system by experts from GSTN/NIC, and a panel discussion involving senior tax practitioners, legal experts, and departmental officials on emerging challenges and best practices in GST litigation.

 Over 250 participants attended the summit, including Chartered Accountants, Company Secretaries, Cost Accountants, Advocates, tax practitioners, business executives handling GST matters, and finance professionals.

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Canara Bank to Host Canara Utsav 2026: A CSR Campaign dedicated towards women’s entrepreneurship, empowerment and preservation of cultural heritage

Bengaluru, Feb 21st: Canara Bank will host Canara Utsav 2026, a two-day exhibition celebrating entrepreneurship and art while empowering women and local artisans. The event is scheduled on 22^nd and 23^rd February 2026 at Jayamahal Convention Hall, Jayamahal Road, Bengaluru from 10:00 am to 8:00 pm.

Since its inception, “Women Empowerment” has always been a primary objective and commitment for Canara Bank. As a part of its corporate social responsibility and community development, Canara Bank continues to support women entrepreneurs and skilled artisans by providing them a platform to showcase their skills and promote their handmade products in the form of organizing “CANARA UTSAV” at multiple locations.

The exhibition will feature a variety of handcrafted items such as organic food, pottery, sweets, handcrafted jewellery, candles, and many more. Visitors can also get a hands-on experience at the live pottery and mehendi counters at the venue.

HE DATO Dr. Bhargav Mallappa & HE DATO Dr. S. Selvaganesh Selvaraj Ink Kampung Bharu 2.0 Twin-Tower MoU

Indian Investor & Entrepreneur HE DATO Dr Bhargav Mallappa & HE DATO Dr S. Selvaganesh Selvaraj Meets Yam Raja Izzuddin Iskandar Shah Al-Haj Ibni Almarhum Sultan Idris Afiffullah Shah, Seeks Blessings for Kampung Bharu 2.0 Project

 Signs Major MoU to Speed Up Iconic Twin-Tower Plan, Boost FDI, Create High-Value Jobs, Modernize City Infrastructure, and Strengthen Malaysia–India Ties

Malaysia / India, Feb 20: HE DATO Dr Bhargav Mallappa, a prominent Indian investor and entrepreneur from the MBRA Group, along with HE DATO Dr S Selvaganesh Selvaraj, recently met Yam Raja Izzuddin Iskandar Shah Al-Haj Ibni Almarhum Sultan Idris Afiffullah Shah, a Member of the Malaysian Royal Family (Perak), on February 15 at the Mid Valley Hotel in Kuala Lumpur.

During the meeting, HE DATO Dr Bhargav Mallappa sought His Highness’s blessings for the ambitious Kampung Bharu 2.0 redevelopment project. The discussion focused on shared vision, mutual respect, and long-term cooperation aimed at transforming one of Kuala Lumpur’s oldest and most historic neighbourhoods.

Following the meeting, a major strategic partnership was formalized with DSAT Private Equity Sdn. Bhd., under which HE Dato Dr Bhargav Mallappa is committing substantial investment to accelerate the redevelopment initiative. A key highlight of the project is the proposed iconic twin-tower development, designed to redefine the city’s skyline while carefully preserving the cultural and historical identity of Kampung Bharu.

As part of the agreement, HE DATO Dr Bhargav Mallappa has acquired equity in DSAT Private Equity Sdn. Bhd., a company licensed and regulated by the Securities Commission Malaysia. The regulated structure ensures that all investments follow strict legal, regulatory, and governance standards, maintaining full transparency and accountability.

Speaking about the initiative, HE DATO Dr Bhargav Mallappa said:

“Malaysia stands out for its economic resilience, stable governance, and vast opportunities in urban transformation. Kampung Bharu 2.0 presents a unique opportunity to create a landmark that honors heritage while embracing modern progress. Our commitment is to invest responsibly, transparently, and with a long-term development vision.”

Adding to this, HE DATO Dr. S Selvaganesh Selvaraj stated:

“This collaboration reflects the growing strength of Malaysia–India partnerships in strategic development. By combining international expertise with local vision, we aim to contribute meaningfully to sustainable growth, job creation, and long-term economic value.”

Welcoming the engagement, Yam Raja Izzuddin Iskandar Shah Al-Haj Ibni Almarhum Sultan Idris Afiffullah Shah said:

“We appreciate the confidence shown by international investors in Malaysia’s growth story. Development must be forward-looking while respecting our cultural roots. Initiatives like Kampung Bharu 2.0 have the potential to generate economic value, create skilled employment, and further strengthen Malaysia–India relations.”

The partnership is expected to attract foreign direct investment (FDI), create high-value jobs, upgrade urban infrastructure, and deepen economic ties between Malaysia and India, while supporting inclusive and sustainable national development goals.