Singapore, India take up economic zone plan

NEW DELHI: Modalities for implementation of Singapore-India Economic Zone (SIEZ) project and the overall economic partnership between the two countries came for detailed discussions at a high-level meeting here.

The meeting between Peter Ong Boon Kwee, permanent secretary in the Singapore ministry of trade and industry and TKA Nair, principal secretary to Prime Minister, decided that the Steering Committee mechanism proposed by Prime Minister Manmohan Singh would be operationalised at the earliest, an official release said on Sunday.

The SIEZ was proposed as an integrated eco-system of industry, commerce and residential activities based on world class planning, infrastructure and facilities by Singapore minister Goh Chok Tong in June to the PM. The project is to be jointly developed by Singapore and Indian private companies, with the facilitation and guidance of the two governments.