Singapore offers to share economic expertise

Thursday, 26 November 2009 01:51 administrator
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The Hindu 26.11.2009

Singapore offers to share economic expertise

P. S. Suryanarayana

SINGAPORE: Singapore has offered to share its expertise with Tamil Nadu and other Indian states for possible collaboration in sectors such as water management, financial services and aerospace industry.

This was indicated by Singapore’s Senior Minister of State for Trade and Industry S. Iswaran, who held talks with Deputy Chief Minister M.K. Stalin here on Wednesday. Mr. Iswaran said: “We have been well acquainted for the last several years now. And, more recently, I heard about his thoughts on the Cooum: wanting to clean it. I had [then] invited him to come and see what we have done in Singapore, so that we [could] share our experience. And, to the extent that is relevant for the context of Chennai, he can adapt it. In general, Singapore’s experience in urban planning and development is something that we will be happy to share. We have several companies that have capabilities in this case. But the important thing is to find areas of mutual interest which will then create the opportunity to build some collaboration.”

Singaporean companies like “Ascendas and the Port of Singapore Authority have already got a good footprint in Tamil Nadu.”

Noting that Tamil Nadu “is also growing as a manufacturing hub,” Mr. Iswaran said, “that creates opportunities for both sides: for companies from Singapore to invest in Tamil Nadu, but also for collaboration on both sides to harness on some of Singapore’s capabilities.”

A range of possibilities was becoming evident now, he added.

About Singapore’s “regular discussions with the Indian states,” he said their “interests vary: urban development, business contacts and industrial parks.” parts.”

Last Updated on Thursday, 26 November 2009 01:55