Singapore, January 14:
Singapore should move quickly for a slice of Indiaâ€™s infrastructure industry â€œto reap the early-mover advantageâ€, 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 Singaporeâ€™s expertise in developing world-class facilities.
â€œThere are good profits to be made in the infrastructure sector development business,â€ 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.
â€œIndiaâ€™s civil aviation sector is enjoying double-digit growth with both domestic and international travel enjoying boom times,â€ Deveshwar was quoted as saying.
â€œItâ€™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,â€ he added.
Singaporeâ€™s involvement in Indiaâ€™s infrastructure figured predominantly in meetings with government leaders.
Goh Chok Tong, senior Singaporeâ€™s minister, agreed that there are many opportunities that could be tapped by companies in India, particularly in infrastructural development, manufacturing and healthcare services.