Singapore and India set up business group

Singapore and India set up business group

SINGAPORE (AFP): Singapore and India have set up a high-level
private sector steering committee to further strengthen business
link between the two countries, a government statement said.

The statement released late Sunday said government backbencher
Davinder Singh would head the India Business Interaction Group
Steering Committee, whose members include captains of the
industries.

The informal India Business Interaction Group was set up last
year.

The steering committee's primary tasks are to act as a
feedback and advisory body to the Singapore government on matters
relating to trade and investment with India and to bring into
clearer focus the activities of the business group.

It would also represent the Singapore private sector at
meetings and dialogues with visiting high level political and
business delegations.

Singapore Prime Minister Goh Chok Tong visited India in
January, giving business links a boost at a time when India is
liberalizing its economy and Singapore is encouraging its
businessmen to spread their wings overseas to create an external
economy.