Business momentum between Indian-Singapore building steadily: SICCI

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Singapore: India remains a key strategic focus, with momentum building steadily through both inbound and outbound business engagements, said Neil Parekh, chairman of the Singapore Indian Chamber of Commerce and Industry (SICCI).

Over the past year, SICCI has hosted multiple Indian delegations in Singapore, including senior government, institutional and university-led groups, creating direct dialogue with Singapore businesses and the Indian diaspora, he said.

“These engagements have been complemented by reciprocal visits and planned delegations from Singapore to India, particularly focused on high-growth states and priority sectors,” Parekh said after hosting a fireside chat on Monday with a Singapore minister on the chamber’s business outlook.

In recent times, SICCI has transitioned from ceremonial memorandum signings to outcome-driven collaborations, with a strong emphasis on sustainable engagements and seamless market access. Several previously signed MoUs now move towards tangible implementation, signifying a new phase of strategic cooperation.

During a fireside chat, SICCI Chairman Neil Parekh highlighted the critical alignment of economic success with social responsibility. Minister Murali Pillai also stressed the foundational role of rule of law in Singapore’s prosperity, urging businesses to contribute to societal progress through trust and fairness.

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