Bilateral trade has been growing in double digits since FTA came into effect and has surged to US $ 17.44 Billion in the year 2010-11. Singapore is India’s largest trade and investment partner in ASEAN and has emerged as a key offshore logistics and financial hub for many Indian corporate/houses. There are about 4000 registered “Indian” companies in Singapore and Nine Indian banks are currently operating in there.
Singapore has also emerged as 2nd largest source of FDI inflow into India amounting to US $ 15.89 billion (from April’2000 to Dec’2011), which is 10 % of total FDI inflow to India. Conversely, India is Singapore’s 8th largest foreign investor, with FDI of US$23.4 billion (Jan’ 2012).
The opportunities for Trade and Investment are immense and exist in the sectors of Science & Technology, Logistics, Financial Services and banking, Infrastructure including Special Economic Zones, Drugs & Pharmaceuticals, and Education, amongst others.
Looking at the continuous growing trade between the two countries, FICCI in partnership with Singapore Business Federation, is organizing the “FICCI-Singapore Business Federation Special Business Sessions”.
Renowned Speakers are invited from Singapore at the Business Sessions, which will give you an opportunity to understanding the trade, investment, tax and auditing scenario in Singapore. You will also get an opportunity of interacting and Focused B2B matchmaking with the Business Delegation from Singapore.