Singapore, June 22 (PTI) As many as 120 India-based companies are incorporating offices in Singapore every month, taking advantage of the city state as a gateway to Asia-Pacific markets.
"We are seeing as many as 120 Indian origin companies incorporating Singapore offices every month," R Narayanamohan, the chairman of the Singapore Indian Chamber of Commerce and Industry (SICCI), told PTI last night.
Speaking at the launch of the annual corporate awards campaign for Indian businesses in Singapore, he said the community of Indian businesses has grown to 5,000 in Singapore as of this month, up from 4,000 a year ago.
Indian companies make up the single largest business community from any single country in Singapore.
"The awards represent a fantastic opportunity to celebrate the success of Indian businesses," added Kirpa Ram Sharma, SICCI Vice-Chairman and chairman of the award committee for this year.