Singapore, March 31 Joint ventures between businesses from India and Singapore are poised to benefit from potential opportunities in redevelopment in West Asia once the region stabilizes, a senior industry leader said on Tuesday.
India and Singapore have built a bilateral partnership over the past two decades that strategically complements them in a shifting global economy, said Neil Parekh, Chairman of the Singapore Indian Chamber of Commerce and Industry (SICCI).
"The opportunity lies in moving from trade and investment to co-creation, capability building, and global market leadership," he said, adding, "We expect to see significant opportunities for Singapore–India joint ventures."
He pointed out that Singapore and India are not just bilateral partners, "they are strategic complements in a shifting global economy."
Parekh elaborated on Singapore's project structuring expertise and capital and governance frameworks while highlighting India's scale, manpower and execution capabilities.
"Together, this creates a compelling model for participation in large-scale infrastructure, logistics, urban development, and energy projects in the Middle East," he told