An Indian pharmaceutical major is expected to set up a regional office in Singapore this year, while several other IT companies will join the growing number of Indian enterprises already operating out of the city state, a senior government official said today.
“This year we will be garnering more Indian IT investments into Singapore as well as potentially a pharmaceutical project as well,” Lee Eng Keat, International Director at Singapore’s Economic Development Board (EDB), said.
Lee however refused to name the pharma company that is likely to open its office in the island nation.
He was confident that more and more bio-pharmaceutical and pharmaceutical companies would be locating their regional offices in Singapore. Full story
