Financial Daily from THE HINDU group of publications
Monday, Nov 01, 2004
Financial Daily from THE HINDU group of publications Monday, Nov 01, 2004 |
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Info-Tech
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Events Singapore sees scope for more investments Our Bureau
Bangalore , Oct. 31 THE encouraging trend of increasing investments in Singapore is continuing and there is scope for two-way investment in Indo-Singapore ties, said Dr Tony Tan, Deputy PM of Singapore. There have been over 1,400 Indian companies investing in Singapore as a way of accessing the Asia-Pacific and international markets as have all the top 20 Nasscom companies, Dr Tan said. He was speaking at the launch of the latest edition in Bangalore's International Tech Park. Part of the phased development of the ITPL, the `Inventor' (the fifth in the series) has achieved 70 per cent occupancy, according to Ms Chong Siak Ching, President and CEO, Ascendus Pte Ltd, which is one of the consortium partners for ITPL. Tata Industries and Karnataka Industrial Area Development Board are the others. "ITPL has been a catalyst for the progress of the IT sector in the State," said the State Chief Minister, Mr Dharam Singh. The International Technology Park has seen investments of $165 million, has a built-up area of over two million square feet and houses over 100 companies.
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