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August 20, 2014

Singapore Diary… Day 3 – The successful business summit

Singapore Diary… Day 3 – The successful business summit

GIC-HDFC, one of the world's largest fundsagreed to enter into a joint venture today. The deal is worth $ 32.5 million orRs 200 crore. This was not a MoU but an official commercial signature. GIC hasfunded a few companies in India, but this is the first time it entered WestBengal. They will deal with Kolkata Riverside development.

A letter of Intent worth Rs 1000 crore hasbeen given to Keventers Agro Intra Company, India and Singapore, at DankuniFood Park by InfraCo Asia. Compass Group, Singapore has signed a joint venturewith Axis Technologies from Bengal. Their core area is Port Designing with IT.

OBT Inc. and William Sonoma, India havesigned a letter of intent to showcase Bengal's art and craft in their 600outlets in different parts of the world.

The Sanderson Group of Australia, which hasa holding company in Singapore, will go for a joint venture with the Ravi AutoGroup from Kolkata to set up a world class amusement park.

Changi Airport which has 26% equity in theAndal project has raised it to 32.5%, which means more investment will pour in.They will be setting up an Institute of Technology at Andal.

CREDAI, the largest building association inIndia signed an agreement with Surbana, the largest land developing firm ofSingapore for a township project.

I am a man with a very positive outlook andI am very optimistic that these projects will redefine the industrial map ofBengal. Our aim is not just to sign MoU's but develop sustainable relationship.

as told by Dr Amit Mitra, Minister for Finance, IT, Industries and Commerce, West Bengal Government to a private Bengali news channel