The India-Singapore partnership is set to grow in the years to come. The virtual global summit “India & Singapore: 2 Sides of the Coin” which was organized by India Inc. brought together various experts from various Indian companies together with the Economic Development Board of Singapore as they try to explore the potential that Singapore offers as a global platform for Indian business and how both country’s relationship is like to evolve in the near future.
Mr Deepak Bagla, Managing Director & CEO, Invest India stated “The India-Singapore relationship rests on three pillars – people to people, business to business and government to government. For Indian businesses, Singapore is an ideal point of entry into the ASEAN and for businesses in Singapore, you can’t have a bigger market than India 1.3 billion consumers that will grow to 1.5 billion over the next few years.”
Mr Chng Kai Fong, Managing Director, Economic Development Board of Singapore stated in his opening remarks that there are 9,000 Indian companies present in Singapore. He further added that “Increasingly, several Indian start-ups and unicorns are using Singapore to enter ASEAN… Historically, Indian immigrants are a key part of Singapore.”
Source: https://indiaincgroup.com/india-singapore-synergies-will-facilitate-seamless-economic-engagement/