Singapore Business Federation Plans Office in Bengaluru
Karnataka Minister MB Patil Promises Support
The Singapore Business Federation (SBF) is interested in setting up an office in Bengaluru, Karnataka. During a meeting with Karnataka’s Large and Medium Industries Minister MB Patil, SBF’s Vice Chairman Prasoon Mukherjee assured that they could create a ‘Singapore in Bengaluru’ with government cooperation.
Minister Patil promised infrastructure support, including land, water, power, and connectivity. He also invited SBF to participate in Karnataka’s flagship event, the ‘Global Investors Meet’, scheduled for February 12-14, 2025.
The delegation included representatives from companies such as Applied Total Control (ATC) Treatment Pte. Ltd., Biomed Services Pte. Ltd., Catering Solutions Pte. Ltd., Hermes-Epitek Corporation Pte. Ltd., Insphere Technology Pte. Ltd., Reetz Pte. Ltd., and Universal Success Enterprises Pte. Ltd. Entrepreneurs Jeffrey Guao, Douglas Tan, Samantha Teo, Chen Chiyong, Markus Sia, Pappu Milind Suresh, S. Mahendran, Jeffrey Kong, and Shambunath Ray were also part of the group.
Prime Minister Narendra Modi recently met Singapore’s Lawrence Wong to review and elevate India-Singapore bilateral relations to a Comprehensive Strategic Partnership. They discussed expanding trade and investment, with Singapore already investing around USD 160 billion in India. The leaders also witnessed the exchange of MoUs in Semiconductors, Digital Technologies, Skill Development, and Healthcare.
Doubts Revealed
Singapore Business Federation (SBF) -: The Singapore Business Federation (SBF) is a group that helps businesses in Singapore grow and connect with other countries. They support companies by providing information, networking opportunities, and representing their interests.
Bengaluru -: Bengaluru, also known as Bangalore, is a big city in the Indian state of Karnataka. It is known as the ‘Silicon Valley of India’ because many technology companies are based there.
Karnataka -: Karnataka is a state in the southern part of India. Its capital city is Bengaluru, which is a major hub for technology and business.
MB Patil -: MB Patil is a politician in India. He is the Minister for Large and Medium Industries in the state of Karnataka, which means he helps big and medium-sized businesses in the state.
Prasoon Mukherjee -: Prasoon Mukherjee is the Vice Chairman of the Singapore Business Federation. He helps lead the organization and make important decisions.
Global Investors Meet -: The Global Investors Meet is an event where people from different countries come together to discuss and invest in business opportunities. It helps attract investments to the host country.
Prime Minister Narendra Modi -: Narendra Modi is the Prime Minister of India. He is the head of the government and makes important decisions for the country.
Lawrence Wong -: Lawrence Wong is a politician from Singapore. He works with other countries to build good relationships and strengthen ties.
Bilateral relations -: Bilateral relations are the connections and cooperation between two countries. It involves working together on various issues like trade, security, and culture.