Search Result for : India Singapore Trade

The Dollar Business Bureau  The Confederation of Indian Industry (CII) on Friday signed memorandum of understandings (MoUs) with three universities of Singapore in order to offer training opportunities to the students. The MoUs will allow the Singapore universities and the International Enterprise (IE) Singapore, a government agency promoting foreign trade, to tap into the network of CII of more than 8,000 members for creating international attachment opportunities for students enrolled in the universities. IE Singapore, which is a statutory board under the Trade and Industry Ministry of Singapore, is the lead signatory of MoU and will support these attachment opportunities under the Young Talent Programme for Students. The signatories to the MoUs are National University of Singapore (NSU), Nanyang Technological University (NTU) and Singapore ...

The Dollar Business Bureau On Sunday Nasscom said Singapore’s decision to block tech visas has limited the number of Indian IT professionals to less than 10,000 in the South East Asian nation that could also hamper future deals for the IT companies of the two nations. Nasscom President R Chandrashekhar said: “The number of Indian tech workers employed with various companies, are a few thousand now, probably under 10,000, which is inadequate to drive the growth of the industry," he told. Singapore has for long acted as a gateway for the Indian IT firms to provide their services in the region. Many Indian tech giants, including HCL, Infosys, Wipro and TCS have set up their operations in Singapore. "If things don't change, companies will have to look for ...

The Dollar Business Bureau  India and Singapore look to strengthen their partnership in the areas of infrastructure financing, railways and smart cities development, as they envisage to make progress in the “next phase of economic partnership”. Singapore Prime Minister Lee Hsien Loong is currently on a five-day visit to India. He will hold bilateral talks with Prime Minister Narendra Modi and explore ways to strengthen bilateral trade and investment ties between the two decade-old neighbours. The two countries have enjoyed steadfast bilateral relations for over five decades. Their relations have been given a fillip after the introduction of Comprehensive Economic Cooperation Agreement (CECA), a free-trade agreement encouraging economic and trade activities. “Both sides have been working hard. The objective is really to create a high quality agreement that will be a gateway or the next ...

The Dollar Business Bureau Indian and Singaporean companies have signed as many as 17 merger and acquisition (M&A) agreements with a total investment of $940 million in the first half of this year. The companies from the two nations have signed 17 deals. “Almost all of them were transactions where the acquirer is from Singapore and the target from India,” said Srividya Gopalakrishnan, Managing Director, Duff & Phelps. Among the signed deals were Government Investment Corporation’s (GIC) acquisition of stakes in Bandhan Bank, Greenko Energy and Viviana Mall as well as Singapore Technologies Telemedia’s acquisition of stakes in Tata Communications Data Centre business. The consultancy said the Malaysian, Indonesian and Indian enterprises signed four M&A of $95 million. The report titled “Transaction Trail” said the ...

Source: PTI   The Singapore Indian Chamber of Commerce and Industry (SICCI) is planning a trade mission to Andhra Pradesh to help members expand into the Indian market through collaboration, joint ventures and partnerships. It will be a joint mission by SICCI and the Singapore Business Federation (SBF) as a follow up to a number of successful Singapore ventures in India in June, including the master plan of Andhra Pradesh's new capital city of Amaravati. "We are planning a mission early June and chamber plans to help members expand into the Indian market through collaboration, joint ventures and partnerships," R Theyvendran re-elected chairman of SICCI said. Another major landmark was Singapore Sembcorp Industries' recently launched $4.2 billion coal-fired power generation plant in Andhra Pradesh, a ...

Source: PTI Indian manufacturers and exporters should diversify more and become part of regional multi-lateral trade pacts to boost shipments of their products globally, India's top envoy in Singapore has said. “It is for the business community of India and Singapore to identify more opportunities and further increase trade flows,” India's High Commissioner Vijay Thakur Singh told some 200 delegates at the 'India-Singapore Trade: Challenges and Opportunities' business forum. Underlining the wide range of initiatives and thrust of India's foreign trade policy, Singh called on the manufacturers and exporters to diversify and be part of the regional multi-lateral trade pacts to boost shipments of their products globally. Singh also reiterated the government's target of further increasing shipments of merchandise and services as ...

The Dollar Business Bureau | @TheDollarBiz   The Foreign Ministers of India and Singapore have directed officials to identify concrete projects in five focal areas of cooperation including trade, connectivity and investments, as a part of the second review of the Comprehensive Economic Cooperation Agreement (CECA) that was signed between the two countries in 2005. Singapore’s Foreign Minister K. Shanmugam and India's External Affairs Minister Sushma Swaraj said today in Singapore that CECA has helped bilateral trade to increase from $4.2 billion in 2003-04 to around $19.3 billion in 2013-14. “Singapore became one of India’s largest foreign investors in 2013, while Singapore is one of India’s top investment destinations,” they said.   Sushma Swaraj said, “It is gratifying that Singapore is ...