The sectors in which Singapore has an edge are Construction (Tech Park & Housing), Urban Planning, Air Services (MRO), Airport & Port Management , Water Management including recycling of waste water, Desalination, Solid Waste Management, Information Technology & e - Governance, Tourism etc.

     As more and more Singapore companies are trying to internationalize their operation and as there is a requirement for foreign direct investment in the areas mentioned above in India there is a complementarity of interest between India and Singapore. There is a potential for Singapore companies to make investment and do business in India in the above mentioned areas. 

     Temasek Holdings and Government Investment corporation of Singapore(GIC) have also invested in the financial sector, pharma sector, logistics,IT etc.Some of the companies where the investment has been made are ICICI Bank, Dove Finance,ICICI OneSource, Medreich Group, Mahindra & Mahindra,Matrix Labs, Apollo Hospitals, Gateway Distripark, Punj Lloyd Infrastructure Company,Welspun India,Srinagar Cinemas and Apollo Healthstreet. 

     Temasek jointly with Stanchart set up a US$100 Million private equity Merlion fund  

     Ascendas,a Singapore based Temasek linked company has developed IT Parks in India namely International Tech Park, Bangalore, Cyber Pearl &, Hitech City in Hyderabad, and International Tech Park, Chennai .The other Singapore Companies involved in development of Industrial Parks & Township development in India are KepLand,Capitaland,JTC International,Jurong Consultants. 

     SingTel has invested about 30.84% stake in Bharti Televentures.It has also teamed up with Bharti Enterprises in laying optical cables linking Singapore Chennai & Mumbai. Frontline, an IT Company based in Singapore, has invested in Accel ICIM.

     Singapore Transportation & Logistics companies such as Gateway DistriPark Logistics, CWT, SATS (Taj-SATS Air Catering Ltd), NOL, Keppel FELS are having strong presence in India. 

     In the healthcare sector Singapore’s Parkway Healthcare Group formed a JV with Apollo Group of India and running a hospital in Kolkata. Pacific Healthcare is operating a multidisciplinary Medical Specialist Centre in Hyderabad. 

     Asia Pacific Breweries has invested in Aurangabad Breweries Ltd, which owns two breweries in Maharashtra and Goa  

     Temasek Holdings and Government of Singapore Investment Corporation (GIC) have invested in financial Services, Pharma sector, healthcare, logistic, textile etc. Some of the companies in which it has invested are ICICI Bank, Dove Finance, ICICI OneSource, Medreich Group, Mahindra & Mahindra, Matrix Labs, Apollo Hospitals, Gateway Distripark, Punj Lloyd Infrastructure company, Welspun India, Srinagar Cinemas and Apollo Healthstreet.
Merlion – India Fund: 

     Temasek and Standard Chartered Private Equity Limited formed the Merlion – India Fund of US $ 100 million for investing in mid to late stage Indian Companies. The fund does not cover investment in infra – structure, real estate and trading. This fund was set up for the purpose of Singapore companies investing in Indian companies expanding in India and abroad. The fund has invested (in December 03) S $ 35 million to acquire 5.46% stake in Aurobindo Pharma, Hyderabad. 

FDI inflows from Singapore : 

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Sectors attracted FDI inflows :

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Technical collaborations :

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Top Investing Companies :

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BRIEF NOTE ON FOREIGN COLLABORATION WITH SINGAPORE

     1. After the announcement of the New Industrial Policy (NIP) since 1991, an analysis of Foreign Direct Investment (FDI) inflows shows that Foreign Direct Investment from Singapore has risen substantially. 

     2. Cumulative FDI inflows received during 1991-2006 (up to June) is Rs1,692.31 (US$ 40.63) billion. Out of this, FDI inflows from Singapore is Rs. 45.47 (US$ 1.09) billion, which is 3.17% (in US$ terms) of the cumulative inflows received from FIPB/SIA, RBI’s automatic routes & acquisition of existing shares (from the year 2000 onwards) during August 1991 to June 2006. However, this amount does not include inflows received through acquisition route prior to June 2000. Further, the inflows data on Sector specific in respect of Singapore is available only for the period January 2000 to June 2006. The amount of FDI inflows project specific in respect of all Countries is not centrally maintained prior to June 2000.

     3. The tables given below indicate the year-wise figures of FDI inflows from Singapore since 1991.

YEAR-WISE INFLOWS OF FOREIGN DIRECT INVESTMENT:

     (Amount in million)  

Note : * Percentage figures do not take into account the amount of FDI inflows for RBIs-NRI Schemes, acquisition of existing shares (up to 1999), stock swapped & advance pending for allotment of shares, as these are not categorised Country-wise.

3. SHARE OF TOP SECTORS ATTRACTING FDI INFLOWS FROM SINGAPORE:
(from January 2000 to June 2006)

     (Amount in million)  

4. As far as technology transfer is concerned, total number of 114 technical collaborations has been approved for Singapore, which accounts 1.46% of the total collaborations approved during August 1991 to June 2006. The highest technical collaborations have been in the Electrical Equipments (including computer software & electronics) (21 nos.) followed by Hotel & Tourism (16 nos.) and Food Processing Industries (13 nos.) 

4.1. TOP FIVE SECTORS ATTRACTING TECHNOLOGY TRANSFER:

5. DETAILS OF TOP FDI INFLOWS RECEIVED FROM SINGAPORE THROUGH INDIAN COMPANIES (from January 2000 to June 2006) :

     (Amount in million)