There have been several developments during th
e course of this week
that would have an
impact on business interests be
tween India and Singapore. In
Chennai, Ascendas completed a
project with the Tamil Nadu I
ndustrial Development Corporation and it was inaugurated on
14 September 2005 in the presence of Tamil Nadu's Chief Minister and the Singapore
Minister for Education. Ascenda
s has promised to scale up inve
stment in India to over S$750
million within the next two years. Other real estate initiatives in Chennai by Singapore
companies are doing well. The Chief Minister re
ferred in her speech specifically to the
Comprehensive Economic Cooperation Agreement
(CECA) and to the opportunities that she
expects this agreement to bri
ng to Tamil Nadu in particular.
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