Indian cos find it easier to go global with S'pore as base'
Indian companies find it easier to go global with Singapore as their base, the island nation's Minister for Trade and Industry LIM Hng Kiang has said.
By PTI |
SINGAPORE: Indian companies find it easier to go global with Singapore as their base, the island nation's Minister for Trade and Industry LIM Hng Kiang has said.
"About 3,000 Indian companies operate in Singapore and they find it easier to enter global markets with Singapore as the base," Minister LIM Hng Kiang told reporters at a meeting organised a as part of the Sixth Indian Journalists's Visit Programme.
The Indian companies operating from Singapore are mainly information technology, finance, pharmaceuticals and chemical firms.
"We also hope to see more of logistics companies setting up here," he said.
India ranks 11th among the major countries trading with Singapore. The country ranks fourth on the visitor-generating market in Singapore's tourism sector with about 7.5 lakh people visiting last year. Tourism contributes to about six per cent of Singapore's GDP.
About nine per cent of the country's population are Indians as per statistics in 2006 and are ever increasing.
India's trade with Singapore has doubled from 12 billion to 24 billion in the last three years, the minister said.
Visitors from India, Indonesia, China, Australia and Malayasia make up about 51 per cent of the visitor-generating market of the Singapore tourism industry, a major sector that dominates their economy and contributes about six per cent to the GDP.
"About 3,000 Indian companies operate in Singapore and they find it easier to enter global markets with Singapore as the base," Minister LIM Hng Kiang told reporters at a meeting organised a as part of the Sixth Indian Journalists's Visit Programme.
The Indian companies operating from Singapore are mainly information technology, finance, pharmaceuticals and chemical firms.
"We also hope to see more of logistics companies setting up here," he said.
India ranks 11th among the major countries trading with Singapore. The country ranks fourth on the visitor-generating market in Singapore's tourism sector with about 7.5 lakh people visiting last year. Tourism contributes to about six per cent of Singapore's GDP.
About nine per cent of the country's population are Indians as per statistics in 2006 and are ever increasing.
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India's trade with Singapore has doubled from 12 billion to 24 billion in the last three years, the minister said.
Visitors from India, Indonesia, China, Australia and Malayasia make up about 51 per cent of the visitor-generating market of the Singapore tourism industry, a major sector that dominates their economy and contributes about six per cent to the GDP.
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