There is potential of partnership between India, Singapore in manufacturing sector: Envoy

Singapore, May 1 (PTI) There is a possible of a partnership between India and Singapore within the manufacturing sector, a high Indian diplomat right here has mentioned.

According to High Commissioner Kumaran Periasamy, there are a variety of areas that provide alternatives for India and Singapore to work collectively.

‘We had mentioned the potential for a producing partnership,’ he was quoted as saying in an interview in a brand new ebook, e-launched right here on Saturday.

The 182-page ebook, ‘A Harvest of Inspiring Tales’, by Singapore-based India-born creator Soundara Nayaki Vairavan, has a collection of interviews and articles on India-focused diplomats.

Vairavan has penned quite a lot of books in each English and Tamil languages.

Periasamy mentioned he had held a gathering with the Singapore Manufacturing Federation.

The envoy famous Singapore’s monetary hub standing, excessive ranges of success in creating vocational expertise and data of the ASEAN market. This ‘mixed with India’s lengthy term-term progress prospects, land availability and a big and younger workforce keen to work at inexpensive wages provides complementarity that may be exploited for mutual profit,’ he mentioned.

In addition, there are a variety of areas similar to analysis and innovation, start-ups, fintech, synthetic intelligence, logistics, prescribed drugs and vaccines that provide large alternatives for partnership, Periasamy mentioned.

‘The world is transferring from a ‘just in time’ logistics mannequin to a ‘just in case’ logistics mannequin that more and more emphasises reliability and resilience to sudden disturbances,’ the diplomat quoted Singapore Foreign Minister Dr Vivian Balakrishnan.

‘India, as a rustic with shared values and a big land space and geographical unfold, could be a helpful accomplice on this regard. So, general I see loads of alternatives for cooperation between India and Singapore. We hope to pursue as many of those as doable within the coming months and years,’ he mentioned.

The ebook was launched nearly by Benji Dorji, a former Bhutanese diplomat who served as Bhutan’s Ambassador to the United Nations and European capitals from 1991 to 1994. PTI GS SCY SCY

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