Thursday, May 04, 2006

ICRA Management Consulting Services, New Delhi, as its consultant for setting up Financial Services Centre in Chandigarh

Chandigarh, May 4:- The Department of Information Technology, UT, Chandigarh has today appointed ICRA Management Consulting Services, New Delhi, as its consultant for setting up Financial Services Centre in Chandigarh, which will make the City Beautiful next financial destination in India after Mumbai.
The ICRA will carry out its study within 12 to 14 weeks. The scope of work will include compilation of the existing data base of the financial market in Chandigarh, identifying competitive advantages of Chandigarh as compared to other centres, revenue potential for Chandigarh, impact on the profile of the City Beautiful, development potential in Chandigarh and identifying the way to fuel the growth of the City and the region.
The ICRA will also provide consultancy in finalizing the blue print of the proposed Financial Services Centre in Chandigarh and provide information about leading developers of such projects. The entire study and consultancy will be based on the study of various financial markets in India and abroad. The proposed Centre will be coming up in Sector 34 and will help in the growth of Chandigarh as a major Financial Centre north of Delhi. This Centre will make Chandigarh a global city with world class infrastructure and state of the art technology, the Director, IT, UT Chandigarh, Sh. Manjit Singh Brar has said.
It is worth mentioning that besides the ICRA, four companies which submitted their proposals included Darashaw & company Limited, Mumbai, Astra Consultancy Private Limited, New Delhi and Price Waterhouse Coopers. It has been after a long selection process that the ICRA was appointed as consultant.
Chandigarh Desk
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