SBF Leads Business Mission to Vijayawada, Andhra Pradesh to explore opportunities in the new state capital city development project
- The mission is organised in conjunction with the inaugural Joint Meeting of the Andhra Pradesh-Singapore Business Council (APSBC), a SBF and Confederation of Indian Industry initiative to strengthen Singapore-Andhra Pradesh economic ties.
- The 23-strong business and government delegation comprises 14 companies and organisations across the general trading, infrastructure, real estate, building construction, ICT, e-commerce, renewable energy, agri-food and poultry farming sectors.
7 January 2019 [Singapore] - Singapore and Andhra Pradesh’s economic ties are set to be deepened when the Singapore Business Federation (SBF) leads a business delegation to Vijayawada, Andhra Pradesh business mission from 8 to 11 January 2019. This marks SBF’s second mission to the southern Indian state since the establishment of the Andhra Pradesh Singapore Business Council (APSBC)1 on 26 February 2018.
Led by Mr Shabbir H Hassanbhai, APSBC Singapore’s Co-Chair, the mission is organised in conjunction with the inaugural Joint Meeting of the APSBC. An initiative driven by the SBF and the Confederation of Indian Industry (CII), the APSBC aims to foster private sector partnerships between Singapore and Andhra Pradesh across key priority sectors such as smart infrastructure, agri-food and logistics.
The mission also coincides with the 4th Joint Implementation Steering Committee (JISC)2 chaired by both Minister-in-Charge of Trade Relations Mr S. Iswaran and the Andhra Pradesh Chief Minister (CM) Nara Chandrababu Naidu on 10 Jan 2019.
The 23-member delegation with representatives from sectors such as general trading, infrastructure, real estate, building construction, ICT, e-commerce, renewable energy, agri-food and poultry farming; will gain a better understanding of the local business environment, the government’s economic development plans, as well as explore opportunities for Singapore companies in the greenfield capital city of Amaravati, Vijayawada. The mission is supported by supported by the Ministry of Trade and Industry (MTI), Amaravati Partnership Office (APO), Building & Construction Authority (BCA) and Enterprise Singapore (ESG). Please see Annex A for the list of
participating companies and organisations.
Situated along the Krishna River, Amaravati is being built with the goal of becoming one of the most sustainable cities in the world, with plans for homes, industries and world-class infrastructure. Singapore has been involved in the city's development since the beginning, with Surbana Jurong submitting the city's masterplan in 2015 and Ascendas-Singbridge and Sembcorp Development chosen as master developers for a 6.84 sq km start-up area or the commercial core of the capital city.
The development of the new state capital city of Amaravati is expected to generate business opportunities in urban planning, construction, smart technology, environmental solution, security and other ancillary sectors.
Highlights of the business mission include:
- “Doing Business in Andhra Pradesh” briefing session to better understand the business environment, including tax, manpower, policies and potential projects in Amaravati and Andhra Pradesh state
- Networking opportunities with high-level Singapore and India government officials, as well as local business counterparts
- Meetings with main Amaravati government agencies such as Andhra Pradesh Economic Development Board (AP EDB), Andhra Pradesh Capital Region Development Authority (APCRDA), Andhra Pradesh Urban Infrastructure and Asset Management Limited (AP Urban), etc
- Meetings and site visits with local conglomerates such as LPL.
Mission leader and APSBC Singapore Co-Chair Mr Hassanbhai said, “This mission is timely as the delegates will get to understand the progress of the Amaravati project and the issues which will be discussed during the inaugural joint meeting of APSBC.
“This mission is SBF’s second visit since the formation of the APSBC and is intended to explore in greater depth some priority sectors which have been earmarked, such as ports and logistics; agribusiness; and building and construction. Some of the other key sectors in the immediate term include technology; food manufacturing and processing; and tourism and hospitality,” he added.
Mr Ong Beng Lee, Senior Vice President and Head of Group Strategic Relations, Ascendas-Singbridge, a mission participant and APSBC member said, “Ascendas-Singbridge is happy to be a member of the Andhra Pradesh-Singapore Business Council (APSBC) and to participate in this coming business mission.
“As part of the Singapore Consortium which is helping to promote investments into the Amaravati capital region, we have gathered about 10 Singaporean and international companies which focus on smart city technologies to sign an MOU with Amaravati Development Partners (ADP) and to participate in the Welcome Gallery in the start-up area. These companies possess a range of smart city development technologies and will be offering their solutions to the development of Amaravati.”
Mr Nachimuthu Arunachalam, mission participant and Chairman of Cutech Solutions and Services Pte Ltd added that he was looking forward to the SBF Mission trip to Vijayawada.
He said, “Our business interests are in smart city solutions, particularly in parking fee collection, vehicle tracking, tax collection and services using GPS technology. We are also interested in upstream and downstream agri-business activities, such as poultry farming and e-commerce solutions for grocery chain stores.”
1. SBF and CII inked an MoU for the collaboration on APSBC on the 26th February 2018 at the 24th Partnership Summit organised by the CII together with the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry and the State of Andhra Pradesh.
2. The JISC was formed to implement the Memorandum of Understanding (MoU), signed by Mr Iswaran and Mr Naidu in May 2017 to bring about greater collaboration between Singapore and Andhra Pradesh.