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Singapore, Japan Cos to partner in Indian real estate sector

Written by: Staff
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Singapore, Aug 24 (UNI) A 17-member business delegation to encourage Singapore and Japanese companies to partner together in capturing opportunities in markets such as India, is being currently lead by Singapore Minister of State for Education and Manpower Gan Kim Yong.

''The aim is to explore opportunities for collaboration between Singapore and Japanese companies in India's infrastructure and real estate sectors,'' International Enterprise (IE) trade promoter, Singapore, said today.

The business mission, with participants from Singapore and Japanese companies, is part of an initiative to facilitate companies from the two countries to explore opportunities in third markets such as India, the spokesperson said.

The mission, which takes place from August 20-25 and is visiting Mumbai, Pune, Chennai and Hyderabad is being jointly organised by IE Singapore and the Japan External Trade Organisation (JETRO).

Key areas such as townships, special economic zones, water, power and metro services in India have been identified for potential collaboration between Singapore and Japanese companies.

Both Singapore and Japan are active participants in India's economy. In 2005, Singapore was India's third largest investor, with FDI amounting to 321 million dollar while Japan was fifth, with FDI amounting to 168 million dollar.

UNI XC SRS/PV HS1749

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