Make in India:-

Singapore is widely recognized as a favorable destination for conducting business, thanks to its attractive tax system, robust infrastructure, geopolitical stability, and access to financing. 

Its appeal is further enhanced by an extensive network of tax treaties and the availability of high-quality human capital. As a result, numerous Indian companies have established bases in Singapore, with notable firms like Tata Group, Reliance Industries, and Infosys among them. 

The trade relationship between India and Singapore remains strong, with bilateral trade amounting to USD 30.11 billion in the fiscal year 2021-22.

FDI inflows between the two countries have also been substantial, with Singapore emerging as the second-largest investor in India, having invested USD 140.99 billion from April 2000 to September 2022. 

Key sectors attracting FDI from Singapore include services, computer software and hardware, trading, telecommunications, and drugs and pharmaceuticals. 

Furthermore, India's focus on manufacturing, as evident in the "Make in India" campaign, has led to increased investment and the relocation of manufacturing operations from companies like Apple, Samsung, and Boeing to India. 

Singaporean companies, previously reliant on neighboring countries and China, have also shifted their operations to India.

Enterprise Singapore, a statutory board supporting Singapore's small and medium enterprises, has played a crucial role in facilitating Singaporean companies' entry into the Indian market. The partnership between Singapore and India has resulted in mutual benefits, with Singaporean companies experiencing growth and success in the Indian market.

The business-friendly environment in Singapore, combined with India's emphasis on manufacturing and favorable policies, has fostered a Strong trade relationship and significant investment flows between the two countries. 

Collaboration between Singaporean and Indian agencies, such as Enterprise Singapore and the Confederation of Indian Industry, has further facilitated this partnership. Both countries continue to seize opportunities for economic growth and expansion in various sectors, bolstering their respective economies.

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