DBS Bank and Keppel Corporation have signed a Memorandum of
Understanding (MoU) to jointly promote sustainable urbanisation and
digitalisation in India. The focus on India is driven by DBS’s expanding
presence in the country. The collaboration’s primary objective is to expedite the
adoption of energy optimisation and sustainable solutions across energy-
intensive sectors, including healthcare, hospitality, and commercial and
industrial real estate.
This strategic partnership follows the recently concluded Business 20 (B20)
dialogue held in New Delhi, which centred on empowering businesses to foster
sustainable economic growth and development through the principles of
Responsible, Accelerated, Innovative, Sustainable, and Equitable (Raise).
India stands as one of DBS’s six core markets and ranks among the top three for
sustainable finance. Given India’s rapid urbanisation, the nation’s energy
consumption is anticipated to have a substantial influence on global energy
trends.
This collaboration brings together DBS’s extensive financial expertise and
presence in India with Keppel’s expertise in sustainable urban development.
Keppel Corporation is well-regarded for its proficiency in developing eco-
friendly urban solutions and has a robust track record in sustainable
infrastructure projects. By joining forces, the two entities aim to accelerate the
implementation of sustainable practices and energy-efficient technologies
across key sectors in India where urbanisation is rapidly reshaping the energy
landscape.
