FICCI Strength­ens its Foot­print in Sin­ga­pore

FICCI Business Digest - - Contents -

A14-mem­ber del­e­ga­tion of FICCI led by Pres­i­dent Rashesh Shah ac­com­pa­nied by Dilip Chenoy, Sec­re­tary Gen­eral, FICCI, and mem­bers of De­fence and Space Com­mit­tee par­tic­i­pated in In­spreneur 2.0 and 'In­dia-Sin­ga­pore: Step­ping into the Fu­ture', busi­ness event ad­dressed by Prime Min­is­ter Naren­dra Modi in Sin­ga­pore on 4 June 2018. The prime min­is­ter was in Sin­ga­pore for an of­fi­cial bi­lat­eral visit and to de­liver the key­note ad­dress at the Shangri-La Di­a­logue.

A CEOs' round­table over din­ner was or­ga­nized with Prime Min­is­ter Modi and CEOs' from Sin­ga­pore and Heads of Cham­bers of Com­merce in Sin­ga­pore, which was at­tended by Shah and Chenoy.

Dur­ing the visit, FICCI signed two MoUs to en­hance In­dia-Sin­ga­pore en­gage­ment at the busi­ness meet­ing presided over by the Prime Min­is­ter of In­dia and S Iswaran, Min­is­ter for Com­mu­ni­ca­tions and In­for­ma­tion and Min­is­ter-in-Charge of Trade Re­la­tions for Sin­ga­pore, at the Ma­rina Bay Sands Expo and Con­ven­tion Cen­tre in Sin­ga­pore.

FICCI's MoU with Sin­ga­pore Space & Tech­nol­ogy As­so­ci­a­tion (SSTA) aims to en­hance in­ter­ac­tion between In­dia and Sin­ga­pore in­dus­try in space & satel­lite tech­nol­ogy, and fa­cil­i­tate the op­tions to de­velop new sourc­ing, sup­ply chain, and tech­nol­ogy part­ners between the two coun­tries. Also, the FICCI space del­e­ga­tion dis­cussed ar­eas of col­lab­o­ra­tion with Sin­ga­pore com­pa­nies dur­ing the 'Sin­ga­poreIn­dia Space Sec­tor Round­table'.

The MoU between FICCI and Food In­dus­try Asia (FIA) fo­cuses on ini­tia­tives, which will en­hance food trade between In­dia and Sin­ga­pore and build ca­pac­i­ties of In­dian food busi­nesses oper­a­tors and share best prac­tices on is­sues such as reg­u­la­tory changes, food safety, food qual­ity, and nu­tri­tion.

Matthew Ko­vac, Ex­ec­u­tive Di­rec­tor, FIA, said, 'This MoU is a sig­nif­i­cant step for­ward for the food in­dus­tries of both coun­tries. FIA has ben­e­fited from work­ing closely with FICCI to share ex­per­tise and knowl­edge in ar­eas such as front of pack nu­tri­tion la­belling and food safety through­out 2017. This of­fi­cial sign­ing ce­ments our re­la­tion­ship and puts us in a bet­ter po­si­tion to jointly tackle the big­gest chal­lenges we see fac­ing the food in­dus­try in Asia.'

Chenoy said, 'Like many coun­tries in Asia, pub­lic health lev­els in In­dia are on the de­cline and the in­dus­try finds it­self in the spot­light. Sign­ing this MoU with FIA is an im­por­tant step to­wards us ad­vanc­ing food in­no­va­tion for the ben­e­fit of con­sumers. We will ben­e­fit from FIA's re­gional ex­pe­ri­ence to en­hance the ca­pa­bil­i­ties of food busi­nesses in In­dia, while en­sur­ing the in­dus­try is rep­re­sented in im­por­tant di­a­logues across Asia.'

In or­der to strengthen busi­ness re­la­tions and pro­mote eco­nomic co­op­er­a­tion between en­ter­prises in the two coun­tries, FICCI also signed a re­newal of the MoU with Sin­ga­pore Man­u­fac­tur­ing Fed­er­a­tion (SMF) to pro­mote trade, in­vest­ment, and busi­ness between the two coun­tries

Shah and Chenoy also called on Sin­ga­pore vet­eran diplo­mat Am­bas­sador Tommy Koh and Se­nior Emer­i­tus Min­is­ter and Sin­ga­pore's for­mer Prime Min­is­ter Goh Chok Tong.

Matthew Ko­vac, Ex­ec­u­tive Di­rec­tor, Food In­dus­try Asia and Dilip Chenoy, Sec­re­tary Gen­eral, FICCI, ex­chang­ing the MoU.

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