Parekh encouraged by Finance Minister’s announcement of green growth, youth power
The Singapore Indian Chamber of Commerce and Industry will be taking an immediate step to contact leadership in an Indian business association to expand cooperation in areas spelt out in the Indian Budget 2023-24.
“As an immediate step, we will be contacting the leadership of ASSOCHAM, with whom we have signed a MoU to expand on our areas of cooperation which have been spelt out in the Indian Budget 2023-2024,” SICCI chairman Neil Parekh said on Friday in comments on the Budget 2023-24.
“My team at the Singapore Indian Chamber of Commerce and Industry intend to build on these announcements and work closely with our counterparts in India to grow the opportunities between the SMEs of both countries,”
Describing the budget as “A pro-business and a pro-SME friendly Budget”, Parekh said he was particularly encouraged by the Finance Minister’s announcement of the target of ‘Saptarishi’, unleashing the potential, green growth, youth power and growing the financial sector.
He noted that proposed 30 international skill centres announced in the Budget for setting up across different States to skill the youth for international opportunities.
“SICCI believes this is one area we can collaborate closely with our Indian counterparts in the transfer of technology and knowhow and talent expertise to equip the younger generation in India to seize global opportunities and consider employment opportunities abroad in the much-needed sectors like green technology, IT and digital technology as well as healthcare where skilled healthcare professionals are in demand,” he said.
He also sees opportunities in tourism development in India, adding that SICCI will be happy to link up the state governments with officials from the Singapore Tourism Board and Enterprise Singapore to share best practices in developing the sector which will benefit both Indian and global tourists.
“India is poised to grow by 7% in 2023, as announced in Budget 2023, and the Singapore Indian Chamber of Commerce and Industry and its members look forward to the slew of opportunities that await us,” stressed Parekh, who leads the 99-year old Indian business group with 550 members. Fiinews.com
Many collaborative opportunities in developing close business ties with the small and medium enterprises of both Singapore and India, educational institutions and the tourism sector have been announced by Finance Minister Nirmala Sitharaman, he pointed out. fiinews.com
