Connecting Singapore, a one-day seminar on improving ties betweenthe countries, was attended by business delegates and heads of state.
Speaking on the occasion Consul General of the Republic of Singapore Ajit Singh pointed out that while the global business environment faced a slew of challenges Singapore’s economy was in a new phase of growth. “We recognise that the days of high growth are over and we need to be content with modest growth rates,” he said, adding that the nation’s ‘open’ economy was susceptible to adverse effects in the economies of India and China.
On the synergy between India and Singapore he pointed out that more and more Indian businessmen had begun viewing the island as a springboard to enter other Asian markets. “We have become the second most popular destination for overseas investment from India. Indians are the largest business community in corporate Singapore — ahead of of the Chinese, Malaysians and Indonesians.” Full story
