Tata Group betting big on Singapore: ASEAN resident director, KV Rao

MUMBAI: The Tata Group is betting big on Singapore that down the years has proved to be a key business hub for the conglomerate, specially to reach out to its ASEAN consumers. In an interview to the quarterly in-house magazine called Tata Review, KV Rao, resident director of ASEAN said, "Singapore as a frontier for the Tata group’s innovation, entrepreneurship and digital foray is a possibility. The group technology office and Tata Industries have been evaluating the possibilities present here. Over the next few years, we should see traction in this space."

Tata Sons has offices in US, the UK, the UAE, China and Singapore, each working with focus markets that fall within that region. Singapore with its proximity, ease of doing business, the attractive international headquarter programme that offers better tax incentives, makes for the perfect hub.

"It could be in the areas of identifying promising companies, emerging technologies and working with those technologies, parking innovations, registering intellectual properties, and building something for India and for the world at large," he added.

Tata Power International Pte has recently set up a holding structure for all its international investments and joint ventures. Tata Motors and Tata Steel also have entities to manage their overseas holdings out of Singapore.