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Economy

Singapore-India ties set to flourish under incoming PM Wong

"As Prime Minister Lee Hsien Loong prepares to hand over leadership of the city-state to his successor, Deputy Prime Minister Lawrence Wong, we are confident that Singapore-India ties will continue to flourish," stated Parekh.

- New Delhi - UPDATED: May 5, 2024, 09:17 AM - 2 min read


The Singapore Indian Chamber of Commerce and Industry (SICCI) has expressed confidence that Singapore's relationship with India will continue to thrive under the leadership of Lawrence Wong, who is slated to be sworn in as the country's Prime Minister on May 15.

 

This optimistic outlook was shared by SICCI Chairman Neil Parekh during the chamber's centenary celebrations on Saturday night.

 

"As Prime Minister Lee Hsien Loong prepares to hand over leadership of the city-state to his successor, Deputy Prime Minister Lawrence Wong, we are confident that Singapore-India ties will continue to flourish," stated Parekh.

 

He highlighted Wong's involvement in co-chairing the India-Singapore Ministerial Roundtable, which has laid the groundwork for robust bilateral cooperation.

 

The gala dinner, attended by approximately 700 business and community leaders from Singapore, featured Singapore President Tharman Shanmugaratnam as the guest of honor. 

 

Parekh elaborated on SICCI's contributions, citing its instrumental role in refining the Comprehensive Economic Cooperation Agreement (CECA) before its signing in June 2005.

 

He emphasized SICCI's mission to facilitate deeper engagement between Singaporean businesses and their Indian counterparts, particularly during the era of "India fever" under former Prime Minister Goh Chok Tong's tenure.

 

Over the years, SICCI has spearheaded numerous business missions across different states in India, strengthening ties with prominent Indian business associations such as the Confederation of Indian Industries (CII), the Associated Chambers of Commerce and Industry of India (ASSOCHAM), and the Federation of Chambers of Commerce and Industry (FICCI).

 

Parekh highlighted SICCI's active involvement in organizing investment roadshows for Indian state governments, notably Tamil Nadu and Gujarat, ahead of their Global Investment Summits. 

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