Buoyed by success of their investments in China and Vietnam,
several Singaporean companies are open to the idea of
setting up distributed manufacturing facility in India.
to Dr Balaji Sadasivam, senior minister of state for foreign
affairs, government of Singapore "They are keen to
invest in Tamil Nadu to tap the large pool of skilled
an interactive session organised by Confederation of Indian
Industry (CII) in the city, Dr Sadasivam said that Singapore''s
experiment with China and Vietnam has proved to be successful
with a significant investment have been already made in
the special manufacturing zones setup in these countries.
Citing the model of the manufacturing cluster created
at China at over 70,000 acres for the Singapore companies,
Dr Sadasivam said that the governments of Singapore and
Tamil Nadu are keen on creating a large scale manufacturing
cluster - on the lines of the proposed Singapore India
Economic Zone - in the state.
said that there is a potential and the need to create
at least three such zones in India , out of which at least
one will be located in Tamil Nadu.
Placing confidence over the improved political and business
relations between both the countries, Dr Sadasivam said
that the Singapore companies are keen to recruit Indian
engineers and there has been a positive approach from
the government on the migration issues.
Taking note of the improved air connectivity between India
and Singapore over the past three years, the minister
said that his government would actively work to create
the "air corridor" between Singapore and the
tier II cities in Tamil Nadu.
Citing the upgradation of Singapore Consulate in Chennai
General Dr Sadasivam said, "It is very important
for Singapore to directly deal with the southern states
of India. This will help in strengthening the existing
bilateral linkages and also to move ahead on the proposed
Singapore India Special Economic Zone".