Lawstreet Journal

Eleven Singapore Companies Show Interest to Invest in Assam

Lawstreet Journal 24 Jun 2020 3:20am

Image courtesy: Lawstreet Journal Business Eleven Singapore Companies Show Interest to Invest in Assam

During an interaction with State Industries and Commerce Minister Chandra Mohan Patowary on Monday, 22nd June 2020, eleven Singapore- based companies have expressed their interest to invest in Assam. A Government release stated that the companies expressed their interest to invest in sectors like hospitality, food processing, infrastructure development, startups, skill training, industrial town development, airline catering, marketing, and organic farming. 

Mentioning the locational advantage of Assam as the gateway to Southeast Asian Region, Patowary stated during the webinar that, “The state offers the perfect launchpad for the marketing of goods, products and services encompassing 80 million population in the Southeast Asian Region. Singapore can be a model for accelerated growth in the industry, trade and commerce, and education sectors in the state.” He further added that “Assam Government has tied up ITE Education Service, Singapore for setting up of a Skill University at a cost of Rs 850 crores at Darrang in Assam.” 

The virtual interaction was coordinated and facilitated by Enterprise Singapore, a board under the Ministry of Trade and Industry in the SE Asian country and Invest India. The Government release said that the participants in the webinar included representatives from companies including Advanced Produce Centre Development Pvt Ltd (APC), Agrocorp, Capita Land (Ascott), Nanyang Polytechnic, Skill SG Venture (SSGV), ALLIN Technologies, etc.

The webinar stating the historical legacy, policy framework, robust infrastructure, and locational advantage are prerequisites for any investment that was also attended by Chief Secretary Kumar Sanjay Krishna. He cited the instances of the 150-year-old glorious tea… Continue Reading...

Tagged: Assam  
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