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More Singapore Companies To Invest In India

2/1/2016 2:39:20 PM
written By : Team India Se Print

India is now back on the radar of many Singapore firms that want to expand overseas. Singapore companies are committed to increasing investment in one of Asia’s largest and flourishing economies, according to assistant chief executive of International Enterprise (IE) Singapore Tan Soon Kim.

While Tan did not provide exact data on the total number of Singapore companies with a presence in India, he said that the trade agency had received more enquiries from businesses about the nation lately.

“More companies are ready to give India a chance, to see how reforms go,” he told reporters recently at the sidelines of the Vibrant Gujarat Summit. Among these are Ascott, the serviced-residence provider, nut manufacturer Tong Garden which plans an initial investment of S$5-6 million and energy firm Chase Resource Management, which generates 30 per cent of total business in India. 

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