Excessive Commissioner Simon Wong says Tamil Nadu is a go-to vacation spot for Singapore’s investments.
Singapore is methods of rebuilding air journey in a approach that’s secure for travellers and residents, and the related companies in Singapore will attain out to authorities for discussions concerning a proposal of the Indian authorities for a journey bubble with Singapore, Excessive Commissioner of Singapore to India Simon Wong stated.
“India is a crucial companion for Singapore and the sturdy air connectivity between our international locations previous to the pandemic had been crucial to driving the movement of commerce and funding, and people-to-people exchanges,” Mr. Wong informed The Hindu in an interview.
The Excessive Commissioner thanked the Indian authorities for its assist in serving to repatriate round 400 Singapore residents on two flights throughout the pandemic. He stated round 50-60 Singaporeans are nonetheless in India as they really feel secure right here and wish to proceed their work in India.
Mr. Wong stated that regardless of the restrictions throughout COVID-19, Singapore investments are nonetheless coming in to India, though it has slowed down a little bit bit. “For instance, within the final one yr, between August of final yr (2019) to August of this yr (2020), we’ve about near US$2 billion price of investments,” he stated.
The Excessive Commissioner, who was in Chennai for a sequence of conferences, additionally met Tamil Nadu Chief Minister Edappadi Okay. Palaniswami on Wednesday. He stated that the federal government in Tamil Nadu was very severe about working with overseas buyers, and Singapore was comfortable to be part of this, economically. “I believe the Chief Minister is a forward-looking plan to remodel the economic system of [the regions] surrounding Chennai and, after all, Tamil Nadu. Singapore needs to be a part of this course of,” he stated.
Mr. Wong stated that previously one yr, between August 2019 and 2020, Singapore corporations had invested near $500 million in Tamil Nadu. He added that between 2018 and now, Singapore corporations had invested about $1 billion in Tamil Nadu.
“I believe due to historic hyperlinks, lots of our forefathers come from Tamil Nadu and converse Tamil. So, Chennai, Tamil Nadu usually, is a go-to vacation spot for our investments. That can also be the principle cause why, regardless of COVID, we’re making a visit from Delhi to Chennai. That is my first cease. And I really feel that we have to, regardless of the well being dangers, we wish to sign to the Tamil Nadu authorities that we take our companions very, very critically. And we can even wish to sign to our Singaporean investments that that is the popular State to place their cash in,” the envoy stated.