Singapore seeks aid in solar industry

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Singapore has invited Indian companies to invest in the fast growing sectors of solar power, pharmaceutical and chemicals sectors and to start work in collaboration with the local players of the country. Engkeat Lee, director, Singapore Economic Development Board (SEDB) International said, “There are huge opportunities available for Indian business community there. Indians can collaborate with Singaporean player to set up research and development centres in areas of solar energy and pharmaceuticals.”

Presently, the presence of Indian companies in Singapore has marked the growth of 4,090 from 2,579 four years ago. The bilateral trade between the nations stood at US$14 billion in 2009-10.

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