IDA and CII to Promote Closer Ties Between Singapore and Indian Infocomm Industries

To promote closer link between the new economy sectors of Singapore and India, the Infocomm Development Authority of Singapore (IDA) and the Confederation of Indian Industry (CII) today signed a Memorandum of Understanding (MOU) at an industry forum in New Delhi. This is in line...

Singapore, 1 November 2000 | For Immediate Release

New Delhi, India, 1 November 2000 - To promote closer link between the new economy sectors of Singapore and India, the Infocomm Development Authority of Singapore (IDA) and the Confederation of Indian Industry (CII) today signed a Memorandum of Understanding (MOU) at an industry forum in New Delhi. This is in line with IDA's goal of fostering strategic partnership and alliance with overseas industry partners.

IDA recognises that India has world-class IT professionals, software solutions, technical know-how, IT enabled services and a rapidly growing domestic market for infocomm services that Singapore business can tap on. Singapore, with a pro-business environment coupled with a world-class infocomm infrastructure and highly skilled and IT savvy workforce, provides a supportive environment to Indian businesses.

Miss Yong Ying-I, Chief Executive Officer of IDA said, "Singapore and India have a history of strong trading links strengthened by social and cultural ties. With global developments rapidly shaping the new economy sectors, both countries can draw on its existing strengths and ties to foster a new form of partnership to take on the challenges of the New Economy. We believe that companies in both countries would certainly welcome the opportunities for exponential growth to be expected from our strengthened ties and partnership."

Mr Tarun Das, Director General of CII said, "India, especially Corporate India, attaches a lot of significance to its relationship with Singapore. The new economy linkages between the two Asian IT leaders, present an exciting opportunity to companies, institutions, and individuals."

Some of the activities outlined in the MOU include: a) setting up a joint task force comprising industry representatives and secretariat staff; b) promoting and facilitating institutional co-operation among government bodies, research establishments, training institutes and the private sectors; c) supporting seminars, conferences, events, trade fairs and business missions in both countries;

There are also plans to set up business centres in India and Singapore to facilitate the start-up process for companies in both countries. In fact, CII is working on bringing Indian CEOs to Singapore in December 2000. This CEO mission will be led by the President of CII, Mr Arun Bharat Ram.

ISSUED BY CORPORATE COMMUNICATION DIVISION
INFOCOMM DEVELOPMENT AUTHORITY OF SINGAPORE
About the Confederation of Indian Industry

The Confederation of Indian Industry is the apex national industry association for India, with a direct membership of over 4000 large, medium and small sized Indian companies. Through its Associations Council (ASCON) which represents sectoral-affiliated associations, and also its national committees on IT, telecommunications, technology, and E-Commerce, CII works in developing & promoting the New Economy sectors in India.

About Infocomm Development Authority of Singapore

The Infocomm Development Authority of Singapore (IDA) is a dynamic organisation with an integrated perspective to developing, promoting and regulating info-communications in Singapore. In the fast-changing and converging spheres of telecommunications, information and media technologies, IDA will be the catalyst for change and growth in Singapore's evolution into a vibrant global info-communications technology centre. For more information, visit www.imda.gov.sg

For media clarifications, please contact:

In Singapore:-

Ms Jennifer TOH
Manager, Corporate Communication
Infocomm Development Authority of Singapore
Tel: +65 6211-0508
Fax: +65 6211-2227
Email: jennifer_toh@imda.gov.sg

Mr Amitabh Khosla
Confederation of Indian Industry
Southeast Asian Regional
Representative Office
Tel: (65) 6331 1544
Fax: (65) 6883 0658
Email: ciisgp@pacific.net.sg

In India:-

Miss Tan Gim Lay
Manager, Corporate Communication
Infocomm Development Authority of Singapore
Handphone: (65) 98776047 (roaming)
Email: tan_gim_lay@imda.gov.sg

Mr Ajay Khanna
Senior Director
Confederation of Indian Industry
Tel: 91-11-4629994
Fax: 91-11-4633168
Email: ajay.khanna@ciionline.org