Success in my Habit

Monday, December 27, 2010

India, Singapore bilateral trade to touch US$ 22.89 billion in 2010

New Delhi: The bilateral trade between India and Singapore is expected to touch US$ 22.89 billion in 2010, according to Dr T C A Raghavan, Indian High Commissioner to Singapore.

"Singapore is a very important partner of India," said Raghavan, while addressing Singapore press conference for 'The India Show 2011' to be held January 14-16, 2011 in the Singapore. He further added that "We have seen a very good recovery from 2008 and a good financial investment climate."

Furthermore, Mr Anand Sharma, Commerce and Industry Minister would lead India’s high level ministerial and CEOs delegation to Singapore for ‘The India Show.’ The show is largest ever of its kind in Southeast Asia.

About 80 Indian corporations will be exhibiting at the show, which would also have a symposium aimed at further nurturing the good relationship between the two countries.

The January 14 'India Symposium' - themed 'Indovations: Ideas for the World', would highlight the innovation in the Indian manufacturing, services and infrastructure sectors. The show is part of the Indian government's 'Look East Policy,' and would familiarise business visitors with the latest in Indian products and technology, help them understand the trends and offer opportunities in various sectors of the Indian economy as well as have the corporate worlds of the two countries discuss business co-operations.

The Indian businesses participating in the show would be seeking to establish partnership and strategic links with Singapore's small and medium enterprises (SME) as well as major corporations in the infrastructure sector, especially seeking out water-technology and urban development expertise, Raghavan added.

Among others, ANTRIX, the Indian space research organisation (ISRO), would be participating in the show. It would launch Singapore's first commercial satellite in about a month, said Dr Raghavan.

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