Tamil Nadu CM Stalin meets Singapore firms, urges investment

30 May 2023 CW Team

Singapore's Minister of Trade Relations S. Iswaran welcomed Stalin and said that Tamil Nadu has embarked on an ambitious plan to become a trillion-dollar economy by 2030, and a key thrust is to grow the state's manufacturing and green economy sectors.

According to reports, Singapore's Hi-P signed a Memorandum of Understanding (MoU) with Guidance Tamil Nadu at the investment conclave with the aim to establish its first manufacturing plant in India. Hi-P is a contract manufacturer for the telecommunications, lifestyle and computing industries, specialising in electromechanical components.

To foster closer ties between business communities, the Singapore Indian Chamber of Commerce and Industry (SICCI) and Guidance Tamil Nadu signed an MoU covering investment promotion, research and innovation, trade diversification and supply chain resilience.

“It will facilitate business matchmaking, promote the joint development of new technologies, and open up new opportunities for partnership and strengthening cooperation in new areas,” Iswaran said.

After the meetings, Stalin took to Twitter and said, "I had a productive discussion with the heads of major financial and industrial institutions from Singapore. The talks with Dilhan Pillay Sandrasegara, Executive Director and CEO of Temasek, Kim Yin Wong of Sembcorp and Sanjeev Dasgupta of CapitaLand reaffirmed the long-standing relations between Tamil Nadu and Singapore."

"They expressed their keen interest in investing in Tamil Nadu and partnering with us in our journey towards becoming a trillion-dollar economy. I look forward to building and continuing further upon the historical and mutually beneficial partnership between Tamil Nadu and Singapore," the chief minister added.

Singapore's Ministry of Trade and Industry signed an MoU with the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) to cooperate on a “Sustainable Industrial Park” which will serve to develop and test innovative solutions for in manufacturing and trade.

“Our governments are working together to support MSMEs in their journey towards Industry 4.0. Digitalisation, automation, data analytics, and e-commerce can help MSMEs reduce costs, scale up and reach new markets," the Singapore minister said.

Singapore and Tamil Nadu also signed two MoUs on skill development to strengthen people-to-people connections.

Also Read
India's 5G network surpasses 200K mobile sites, sets sights on 6G lead
CM Yogi Adityanath announces new Waterway Development Authority in UP

The Tamil Nadu Chief Minister met with top Singapore-based companies and urged them to invest in the state. He is on a two-nation official tour of Singapore and Japan to attract investments to the state and invite investors to the Global Investors Meet. Singapore's Minister of Trade Relations S. Iswaran welcomed Stalin and said that Tamil Nadu has embarked on an ambitious plan to become a trillion-dollar economy by 2030, and a key thrust is to grow the state's manufacturing and green economy sectors. According to reports, Singapore's Hi-P signed a Memorandum of Understanding (MoU) with Guidance Tamil Nadu at the investment conclave with the aim to establish its first manufacturing plant in India. Hi-P is a contract manufacturer for the telecommunications, lifestyle and computing industries, specialising in electromechanical components. To foster closer ties between business communities, the Singapore Indian Chamber of Commerce and Industry (SICCI) and Guidance Tamil Nadu signed an MoU covering investment promotion, research and innovation, trade diversification and supply chain resilience. “It will facilitate business matchmaking, promote the joint development of new technologies, and open up new opportunities for partnership and strengthening cooperation in new areas,” Iswaran said. After the meetings, Stalin took to Twitter and said, I had a productive discussion with the heads of major financial and industrial institutions from Singapore. The talks with Dilhan Pillay Sandrasegara, Executive Director and CEO of Temasek, Kim Yin Wong of Sembcorp and Sanjeev Dasgupta of CapitaLand reaffirmed the long-standing relations between Tamil Nadu and Singapore. They expressed their keen interest in investing in Tamil Nadu and partnering with us in our journey towards becoming a trillion-dollar economy. I look forward to building and continuing further upon the historical and mutually beneficial partnership between Tamil Nadu and Singapore, the chief minister added. Singapore's Ministry of Trade and Industry signed an MoU with the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) to cooperate on a “Sustainable Industrial Park” which will serve to develop and test innovative solutions for in manufacturing and trade. “Our governments are working together to support MSMEs in their journey towards Industry 4.0. Digitalisation, automation, data analytics, and e-commerce can help MSMEs reduce costs, scale up and reach new markets, the Singapore minister said. Singapore and Tamil Nadu also signed two MoUs on skill development to strengthen people-to-people connections. Also Read India's 5G network surpasses 200K mobile sites, sets sights on 6G lead CM Yogi Adityanath announces new Waterway Development Authority in UP

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..