The Singapore Indian Chamber of Commerce
and Industry under new leadership aims to grow exponentially and create more business opportunities for its members
5/8/2018 7:01:00 PM
|written By : A Staff Reporter|
Led by Modern Montessori International chairman and chief executive T Chandroo, the Singapore Indian Chamber of Commerce and Industry (SICCI) is all set to grow exponentially with an ambitious agenda to recruit more members and help them tap new business opportunities in Asean, China, India and through the Trans-Pacific Partnership signed earlier this year.
Breaking with the past, SICCI now for the first time in its 94-year- history has three women on its board of directors, including India Se Media Managing Director Shobha Tsering Bhalla. Pushing further, SICCI is also setting up a women-run committee to recruit more women members and drive women-focused entrepreneurial and leadership programmes. In an incentive to attract more women, the chamber is even offering a reduced fee for the first year for up to 100 women members.
Ms Indranee Rajah, Minister in the Prime Minister’s Office, commended SICCI for its valuable contributions to the Singapore economy. Speaking at the chamber’s 77th annual general meeting dinner at the Hotel Intercontinental on April 26, she thanked the outgoing Chairman Dr Theyvendran for his services and congratulated the new Chairman Dr Chandroo. She praised SICCI for playing mentor to aspiring young entrepreneurs and raising the profile of the Indian business community. She stressed the need to take advantage of the new business opportunities presented by the growing economies of China, India and Asean and said the government was ready to help.
In a mandate for change, SICCI’s new board of directors won a landslide victory in keenly contested elections on April 16. Elected for a two-year term, the new team took charge, committed to scaling even greater heights of excellence. It outlined its vision in what it “the nine nava-ratnas (jewels) of our manifesto”.
Noting a drop in SICCI membership in the last four years, the new team in its nine-point election manifesto promised to
SICCI will work very closely with the Chinese Chamber on the multi-billion-dollar One Belt One Road Initiative for the benefit of its members, said Dr Chandroo. SICCI will also help members benefit from international businesses through the Trans Pacific Partnership, he added.
SICCI also wants to make it as easy to do business in India as in China, said Vice Chairman Prasoon Mukherjee. While major Singapore companies such as Singapore Airlines, PSA and Keppel have invested in India in a big way, there were opportunities for small businesses, too, said Vice Chairman Mahesh Sivasamy. SICCI could try to help them secure bank loans with Enterprise Singapore standing as guarantor, said Dr Chandroo.