BANGALORE - Singapore has launched a plan to boost business partnerships with India through technological innovations.
"The Indian start-up scene is very vibrant and Bangalore accounts for a quarter of the start-ups in India… The talent flow we can engineer through this partnership is immense," Mr Iswaran told The Straits Times on the sidelines of Techsparks, a tech start-up conference in Bangalore. Much of that investment till now have been in traditional sectors like consumer goods and building infrastructure such as ports and airports as well as in property development."Internationalisation remains the key driver of growth for Singapore companies," said Mr Peter Ong, chairman of the government agency Enterprise Singapore, which helps small and medium enterprises in the Republic navigate global markets.
The innovation alliance in Bangalore was kick-started with Enterprise Singapore signing MoUs with three companies that will help start-ups set up, test bed and quickly scale up in India. VersaFleet, a five-year-old Singapore-based transport management start-up which has worked from the outskirts of Chennai for a little over a year, found logistics was a huge opportunity in a country with a large population, growing affluence and personal consumption.
'The implementation of GST successfully by the Indian government facilitated an intranational movement of trucks. This created a great opportunity for automation,' said Mr Shamir Rahim, Versafleet's Founder and CEO' 🇮🇳 🇸🇬
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: The Straits Times - 🏆 8. / 63 Read more »
Source: YahooSG - 🏆 3. / 71 Read more »
Source: The Straits Times - 🏆 8. / 63 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »