Singapore Companies Can Flourish In India’s Manufacturing, Energy Sector
An expert on Friday said that, India offers enormous business opportunities for companies from Singapore in areas such as manufacturing, urban growth and energy.
While promoting “Vibrant Gujarat”, annual summit, which is scheduled to begin on 11-13 January 2015 in Gandhinagar, assistant CEO of International Enterprise Singapore (IES) Tan Soon Kim, elaborated upon the expansion plans of the state’s liquefied natural gas re-gasification plants. He said, “Singapore companies can focus on urban solutions, energy and manufacturing.”
He further told about the different segments wherein Singapore companies have opportunities to invest are residential, commercial, water management, educational and healthcare with India aiming to proceed with development of 100 smart cities. He even insisted Gujarat officials at the seminar to consider Singapore companies and their expertise to several growth ventures.
Referring the LNG industry, Tan said, “Our companies can partner Indian companies to provide transportation, re-gasification, storage and trading services,” and further mentioned about various Singapore companies capable of producing clean energy, especially the solar system.
Discussing about Singapore’s recent ventures in Gujarat, Tan mentioned about Singapore’s Hyflux and Japan’s Hitachi joint venture for the development of a water desalination plant at Dahej Special Economic Zone (SEZ). He said the two groups would organise a Singapore India Symposium in November to provide insights to Singapore companies about the initiatives of the new Indian government in New Delhi. He told that the IES and the Singapore Business Federation would be leading a delegation of businessmen and experts to Vibrant Gujarat, the 7th business summit.
