Singapore-based company signs memorandum of understanding worth S$5 billion (US$3.7 billion) with the Government of Tamil Nadu at the 2024 Global Investors Meet to be held in Chennai on January 7 and 8 I plan to sign it. Singapore is one of India’s partner countries. Event.
“Preparing to depart to Chennai to represent 🇸🇬 as our first partner country at #TNGIM2024. We look forward to signing a new S$5 billion MoU,” said Singapore’s resident India official. High Commissioner Simon Wong tweeted.
In the past two years, four Singapore-based companies have invested Rs 4,800 crore and signed agreements with the state government, creating 6,200 jobs.
Stalin’s visit to Singapore
Tamil Nadu Chief Minister MK Stalin visited Singapore in May 2023 and appealed to local investors to invest in India. During his visit, Singapore-based Hi-P International Pvt Ltd signed a memorandum of understanding with the state to set up an electronic component manufacturing plant in the state with an investment of Rs 312 million, providing employment to around 700 people. concluded with the government.
The Prime Minister also invited government and business officials to GIM.
Five other memoranda of understanding were also signed during his visit. This includes an agreement between the Singapore-India Partnership Secretariat and SIPCOT on cooperation in economic activities and development, a release said at the time.