Chennai: Consul General, Republic of Singapore in Chennai, Roy Kho said that Singapore based companies were interested in investing in projects in India. Addressing 'Country Seminar-Singapore' in the second edition of Tamil Nadu Global Meet 2019, on Thursday the Consul General said Singapore companies were interested in sectors like IT, hospitality, telecommunications, real estate, and engineering.
Singapore and India have multifaceted bilateral relations. Both countries have strong economic, political and cultural linkages. Singapore has recorded a growth of 3.3 per cent and manufacturing sectors play a vital role in Singapore's economy. More than 8000 Indian companies are operating in Singapore. He also lauded the State Government for organizing the GIM.
Regional Director, Enterprise Singapore, Mr Timothy Sun said "We have very small land, only 710 sq km, making Singapore the smallest country in the world. Over the last fifty years, Singapore's economy has grown rapidly and the country's GDP has grown hundred times over. We focus on economy and job creation. Singapore offers very conducive environment for doing business."
Mr Sun added said that Singapore ranks as the 4th global centre in the world and it is home to 1,200 local and foreign financial institutions. Banking and financial services, real estate, aerospace, chemicals, energy, education, engineering service, environment and water healthcare, IT, biotechnology and lifestyle medical technology are some of key industries in Singapore. The country was also known for its infrastructure expertise in city development and was supporting the development of Amaravati capital city in Andhra Pradesh.
Lauding the efforts made by the state government for holding GIM he said Tamil Nadu will always be the favourite destination for Singapore companies. More than 4 lakh engineering and polytechnic students graduate from educational institutions in Tamil Nadu every year.
Managing director, Sipcot, K. Srinivasan and Partner and Head, Asean corridor (Tax) KPMG, Mr Pradeep Narayanan spoke on the occasion.
