Indian Body Keen To Work With Singapore Firms On Investments

By Tengku Noor Shamsiah Tengku Abdullah SINGAPORE, Nov 9 (Bernama) -- The Confederation of Indian Industry (CII) Core Group has expressed interest in working with Singapore companies to explore new investments. In a statement, the Ministry of Foreign Affairs said CII Core Group, led by CII president and chairman of Tata International Ltd. B Muthuraman, called on Emeritus Senior Minister Goh Chok Tong, Minister for Foreign Affairs and Minister for Law K Shanmugam, and Minister for Trade and Industry Lim Hng Kiang on Tuesday. The group is here for a two-day visit beginning Tuesday. MFA said the Core Group exchanged views with Goh and the Singapore ministers on global economic issues. They also provided an update on economic developments in India, including the recently announced National Manufacturing Policy which would streamline administrative and legal procedures for the creation of National Investment and Manufacturing Zones in various Indian states. Muthuraman expressed CII’s interest in working with Singapore companies to explore new investments under this new framework. The CII Core Group has made annual visits to Singapore since 1993. The annual visit is aimed at deepening mutual understanding of developments in India and Southeast Asia, as well as enhancing bilateral economic cooperation. -- BERNAMA Malaysia