Singapore Furniture Mission to India: Business Roundtable with FICCI & Enterprise Singapore
Enterprise Singapore supported by Singapore Furniture Industries Council brought a delegation of 15 Singaporean companies to India to understand more about India’s business practices and trends in the furniture and built environment sectors and explore business opportunities to potentially expand into India via (but not limited to) sourcing, manufacturing and distribution channels. Key companies included Sam & Sara, HTL manufacturing, Four Star Industries, Window to the Past etc. The Invest India team presented on the furniture and retail landscape in India.
The Embassy of Vietnam invited Invest India to deliver a speech at an event organized by Vietnam Embassy and Lao Cai Provincial People’s Committee. Mr. Dang Xuan Phong, member of the Executive Committee of the Party Central Committee, Party Secretary and Head of the Lao Cai Provincial National Assembly Delegation and Mr. Nguyen Thanh Hai, Ambassador of Vietnam to India and senior Lao Cai provincial government officials presented and delivered their speeches at the event.
Ms. Sunaina Khanna, Assistant Vice President, Invest India, presented on the India opportunity and collaboration between India and Vietnam. More than 100 businesses from India and Vietnam participated in the meeting.
Invest India in partnership with Enterprise Singapore organised a virtual furniture roundtable. Mr. Mohammad Isharar Ali, Director DPIIT, delivered the opening remarks. There was a huge participation from both countries during the roundtable. The consumer goods team from Invest India delivered a presentation and provided insights into the furniture opportunities between India and Singapore.
18 companies from Vietnam in the logistics sector visited India with a primary focus on identifying areas of mutual collaboration and investment opportunities across various NICDC industrial parks, direct shipping and warehousing, etc. sectors in the country.
There were two sessions scheduled at DPIIT: government to business and business to business. Mr. Som Parkash, Minister of State, Ministry of Commerce, Government of India in his address stated that the bilateral interactions will foster collaboration and foreign investments in the logistics sector in both countries and promote investments.
Secretary, DPIIT, Mr. Rajesh Kumar Singh set the context, and emphasized the importance of this visit in identifying areas of mutual interest, exploring investment opportunities and knowledge sharing between both countries. Ms. Yashika Khurana, AVP from Invest India presented the India opportunity and India-Vietnam relations.
A high-level delegation of 23 officials from Malaysia's Institute of Diplomacy & Foreign Relations (IDFR), and Diploma in Diplomacy (DiD) participants visited Invest India. The session gave insights into Invest India's role in promoting India as an investment destination. The delegation was led by Mr. Amizal Fadzli Rajali, Charge d'Affaires, High Commission of Malaysia. Apart from the objective of providing exposure to routine operations of the High Commission, the visit was aimed to give insights into Invest India's role in promoting India as an investment destination. The delegation received in-depth presentations from various teams on topics such as the National Single Window System, Startup India, and One District One Product, shedding light on these initiatives.
PTT Public Limited company of Thailand visited Invest India to discuss PTT's investment interest in India. PTT presented the brief on its structure and functioning. The company further explained that the Gas Business unit is exploring investment opportunities outside of Thailand and South Asia is one of the focus areas for the same. The idea is to identify a suitable project for putting up a dedicated committee for final approvals. PTT explained that they want to trade LNG in India and the company is targeting investment in the gas market and gas value chain in India.
Invest India explained the trends of how gas adoption increased in India with increasing penetration of City Gas Distribution. Invest India further apprised PTT regarding allocation of the domestic gas for the Pipened Natural Gas Domestic Connections and Compressed Natural Gas for the transportation sector. The next step between PTT and Invest India is to have regular interaction between the teams for narrowing down the intreat areas to projects.
Invest India organised a virtual call between MEDA and Banpu Next and facilitated the India expansion of BANPU Next, a leader in Thai Renewable Energy space. They want to start by setting up solar power projects followed by a potential foray into other sectors (Green Hydrogen, Energy Storage Systems). The company shortlisted Maharashtra, Gujarat and Rajasthan for their solar project. The first meeting was set up with the relevant authorities of Maharashtra.