Comments
More than 400 Singapore-based Indian origin companies will benefit from an investment and business potential Memorandum of Understanding (MoU) signed between leading industry chambers representing Indian and Chinese firms here today.
The MoU was signed by the Singapore Indian Chamber of Commerce and Industry (SICCI) with the Shanghai Representative office of its contemporary, the Singapore Chinese Chamber of Commerce and Industry (SCCCI), to tap into the latter's resources in exploring new business and investment opportunities in China.
“It is a step in the right direction in furthering businesses with China,” the SICCI Chief Executive, Mr Harnek Singh, told PTI after signing the MoU at SICCI's Biennial India-Singapore-China conference held today.
The MoU would be furthering the scope of business and investment opportunities with Singapore as the bridge to develop commerce and trade between India and China, he added.
More than 4,000 India-based companies and 3,000 China-based businesses have offices in Singapore supporting their operations in Asian markets.
The two-year MoU, which would use SCCCI's Shanghai office to build businesses in China, would benefit over 800 SICCI members, more than half of which are regional investment offices of companies from India, he said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.