Singapore minister to address Indian infrastructure conference

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Singapore, Sept 24 (UNI) Singapore's Minister of State for Trade and Industry S Iswaran is heading an infrastructure mission to the FICCI Real Estate Summit being held in Mumbai on September 27, with an aim to boost cooperation and joint ventures between the two countries.

Mr Iswaran will be delivering the keynote address at the summit.

He will also be leading the mission's visits to Chennai and Puducherry today.

The minister will be supporting the launch of several commercial joint ventures between Singapore and Indian companies in sectors ranging from biotechnology to real estate during the four-day business trip to India, said a Ministry of Trade and Industry statement today.

The deputy minister will witness the signing of the Memorandum of Understanding (MoU) between Singapore's Bio-Scaffold International and Saveetha University in Chennai for joint biomedical research on bone regeneration and dental implantology in Chennai.

He will also officiate the opening of CyberVale, Ascenda's second IT park in Tamil Nadu.

In Mumbai, Mr Iswaran will attend the inauguration ceremony for the Pacific Cosmetic Medical and Dental Centre, a one-stop medical-aesthetic centre, spearheaded by Singapore's Pacific Healthcare Holdings Ltd.

Singapore's trade relations with India have flourished in recent years, said the statement.

The signing of the Comprehensive Economic Cooperation Agreement (CECA) with India in August 2005 marked a new era in the trade relations of the two countries.

Singapore's total trade with India reached a record 19.9 billion Singapore dollars in 2006, an increase of about 20 per cent from 16.6 billion Singapore dollars in 2005.

Mr Iswaran will be accompanied by officials from the Ministry of Trade and Industry and International Enterprise Singapore, the state run trade promotion agency, as well as representatives from Singapore companies in the infrastructure and construction sectors.

UNI

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