Singapore, January 14:

Singapore should move quickly for a slice of India’s infrastructure industry “to reap the early-mover advantage”, the head of the top Indian business chamber said in a published report here today.

Y C Deveshwar, president of the Confederation of Indian Industry (CII), cited Singapore’s expertise in developing world-class facilities.

“There are good profits to be made in the infrastructure sector development business,” Deveshwar told The Straits Times.

Chairman and chief executive of Indian conglomerate ITC, Deveshwar is leading a seven-member group of Indian captains of industry on the annual visit.

“India’s civil aviation sector is enjoying double-digit growth with both domestic and international travel enjoying boom times,” Deveshwar was quoted as saying.

“It’s not just the privatisation of New Delhi and Mumbai airports, but airports in other major cities like Bangalore, Chennai, Hyderabad and Ahmedabad, and many more that need tremendous improvement,” he added.

Singapore’s involvement in India’s infrastructure figured predominantly in meetings with government leaders.

Goh Chok Tong, senior Singapore’s minister, agreed that there are many opportunities that could be tapped by companies in India, particularly in infrastructural development, manufacturing and healthcare services.