The locations of these cities are also ideal for businesses looking to further expand into other regional markets such as the Middle East and Europe.
BENGALURU / CHENNAI: Some Singapore firms are setting up operations in Indian cities as they search for a bigger talent pool, quicker production, and cheaper labour and material costs.
The locations of these cities are also ideal for businesses looking to further expand into other regional markets such as the Middle East and Europe, the firms said.Among the Singapore technology firms that have established a presence in India is robotics start-up Botsync, which builds autonomous industrial robots for transporting large items in places such as factories.
The sector has been bolstered by various government initiatives rolled out in recent years. These include plans mooted last year for a dedicated start-up park near its international airport, which is expected to boost the growth of another 25,000 new firms. The company is planning to boost its current workforce of 200 employees by hiring another 100 workers, including engineers, at its Chennai office in the coming months.Chennai, the largest industrial and commercial centre in South India, boasts a diverse manufacturing sector including automobiles, textiles and chemicals.
With one of its projects in the Maldives, Chennai’s location is strategic for the firm. It takes just under three days for components to be shipped to the Maldives, slashing transport costs by about 30 per cent. Singapore firm Blue Planet Environmental Solutions described the industry as one of the most underserved markets in India.
“All the resources that can be upcycled should be leveraged for upcycling, and whatever cannot be upcycled should be used for sustainable disposal,” said Mr Singh.In Bengaluru, another Singapore firm is breathing new life into electronic waste – an industry that could be worth US$20 billion by 2030.
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