Singapore, The Singapore Indian Chamber of Commerce and Industry plans to strengthen its engagement with the Indian government, policymakers and industry as part of its strategic roadmap, with a focus on boosting cross-border trade, particularly with India’s booming economy, its newly appointed Chief Executive Officer Pradeep Menon said.
Indian enterprises look to Singapore for “rich know-how knowledge” that can enhance business productivity in a cost-effective manner, while Singapore businesses gain access to India’s vast consumer market and deep talent pool, Menon was quoted as saying by Friday weekly Tabla!
Singapore is the biggest source of foreign direct investment into India, with an inflow of nearly USD 15 billion recorded in fiscal year 2024-25, according to published data here. Over the last 25 years, total investment from Singapore into India stood at almost USD 192.538 billion, accounting for nearly 25 per cent of total FDI inflows, according to published data. Singapore is also among India’s largest trade and investment partners in ASEAN and accounted for 27.83 per cent of India’s overall trade with ASEAN in 2024-25.
We will have to rely on international talent, and India is one of the markets that can continue providing that,” he said, according to the report by the Indian-community and business-focused weekly. The prosperous island state has been a leading FDI generator for India for the past seven years, they said. “Singapore is never going to be able to overcome its talent shortages organically or domestically. SICCI also aims to strengthen Singapore’s role as a trusted, rule-based gateway for regional capital, including investors from the Association of Southeast Asian Nations seeking transparent access to India’s fast-growing economy.
