Singapore to set up more Global Innovation Alliance nodes in India
SMART CITIES

Singapore to set up more Global Innovation Alliance nodes in India

Singapore plans to set up more Global Innovation Alliance (GIA) nodes like the Bengaluru one in more cities across India.

The Alliance would enable start-ups to develop their businesses to GIA cities worldwide by connecting to mentor networks and appropriate ecosystem players by benefiting from Singaporean tech firms, including small and medium-sized enterprises (SMEs).

S Iswaran, Singaporean Minister for transport and minister-in-charge of trade relations, told the media while addressing the 28th edition of the Department of Science & Technology-Confederation of Indian Industry (DST-CII) India-Singapore Technology Summit, GIA aims to strengthen connections of Singapore to prominent innovation hubs across the globe by making an exchange of knowledge and ideas to promote innovation.

Iswaran informed that compared to 2020, bilateral trade between India and Singapore increased to 35% in 2021, from $19.8 billion to $26.8 billion.

He also mentioned three essential areas of future cooperation like the D-Tech utilising artificial intelligence (AI) for Smart cities, joint projects on genome and bioinformatics research, and Clean-Tech for carbon mitigating technologies in aviation and transport industries.

Apart from Bengaluru, the cities currently in the GIA network include Paris, Berlin, Munich, Jakarta, Tokyo, Bangkok, Beijing, Shanghai, Ho Chi Minh City and San Francisco.

S Chandrasekhar, secretary, Department of Science and Technology (DST), told the media that India took many missions on innovation right from the school level to explore further opportunities.

He said that innovations include a high risk for investments. However, rewards are also quite high in this industry.

Image Source

Also read: LGSF system and its application in residential building construction

Singapore plans to set up more Global Innovation Alliance (GIA) nodes like the Bengaluru one in more cities across India. The Alliance would enable start-ups to develop their businesses to GIA cities worldwide by connecting to mentor networks and appropriate ecosystem players by benefiting from Singaporean tech firms, including small and medium-sized enterprises (SMEs). S Iswaran, Singaporean Minister for transport and minister-in-charge of trade relations, told the media while addressing the 28th edition of the Department of Science & Technology-Confederation of Indian Industry (DST-CII) India-Singapore Technology Summit, GIA aims to strengthen connections of Singapore to prominent innovation hubs across the globe by making an exchange of knowledge and ideas to promote innovation. Iswaran informed that compared to 2020, bilateral trade between India and Singapore increased to 35% in 2021, from $19.8 billion to $26.8 billion. He also mentioned three essential areas of future cooperation like the D-Tech utilising artificial intelligence (AI) for Smart cities, joint projects on genome and bioinformatics research, and Clean-Tech for carbon mitigating technologies in aviation and transport industries. Apart from Bengaluru, the cities currently in the GIA network include Paris, Berlin, Munich, Jakarta, Tokyo, Bangkok, Beijing, Shanghai, Ho Chi Minh City and San Francisco. S Chandrasekhar, secretary, Department of Science and Technology (DST), told the media that India took many missions on innovation right from the school level to explore further opportunities. He said that innovations include a high risk for investments. However, rewards are also quite high in this industry. Image Source Also read: LGSF system and its application in residential building construction

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code