Indian SMEs to hold first conclave in Singapore

More than 200 small and medium enterprises (SMEs) from India and Singapore will meet during a three-day business conclave here next week to explore collaborations and partnerships. 

Over 100 Indian SMEs will be participating in the three-day meetings to be held from January 24 to 26 under the "Tomorrow's India" (TI) conclave, the first conclave in the city state organised by the New Delhi based non-profit initiative Global Social India Foundation. 

The series of arranged meetings will be opened on January 25 with a keynote address from India's High Commissioner to Singapore Vijay Thakur Singh and the Institute of South Asian Studies chairman and ambassador-at-large Gopinath Pillai. 

"Some 6,000 multinationals have set up their headquarters in Singapore, which has a network of over 50 comprehensive Double Taxation Avoidance agreement, 35 Investment Guarantee pacts and a growing number of Free Trade Agreements as well as the Trans Pacific Partnership," said Pahwa, Rajesh Pawha, co-founder "Tomorrow's India". 

"Indian companies can tap into Singapore's diverse capital markets and cutting-edge financial services from more than 500 local and foreign financial institutions," said Pahwa. 

Four Indian industry leaders will hold a panel discussion on "Doing Business in India" at the conclave. 

Another major event "Industry Showcase - India" will be hosted just after celebrating the Republic Day at the Indian High Commission premises, besides other interactions including a series of visits to Singapore universities, Pawhan said. 

"Tomorrow's India" plans to take Indian SMEs to at least two developed countries every year, offering them opportunities to study international business practices and financing options with the aim of exporting their products and services. 

"We will travel to a new market every six months and host programmes for the Indian SMEs," Pahwa said, adding that the focus is on business, culture and art. 

The conclave has been conceptualised and founded by Social Entrepreneur H P Singh.