SINGAPORE: Officials Seek Joint Ventures With India
According to Singapore Textile and Garment Mission official Edward Ang, the global textile trade will focus its attention on India and China after 2005, making the former company an attractive investment option for Singaporean firms.
He added that China was attempting to position Hong Kong as a gateway to enhance trade post-2005, and India should use Singapore in a similar fashion.
"We are looking at partnerships to set up production plants in join venture in India with substantial investment and also want Indian companies to open shops in Singapore," he said.
The mission is undertaking a 13-day visit to India to drum up support for the proposal.
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