Some of the Indian business leaders have now urged Singapore to integrate on the Artificial Intelligence areas like the electronic manufacturing, 5G, infrastructure, smart cities and also in prevailing issues in the education and health.
Just like that Singapore business leader has also called for the tax reduction of the tax rate under the Singapore India tax treaty from 15 percent to 10 percent which is as of now is aligned with other countries or in some cases 7 percent given in the strategic relationship of the two countries.
These proposals and suggestions came following the signing of a “Joint Intention Document” as part of the first Singapore-India CEOs Forum held on November 14, 2018, Friday weekly Tabla reported.
The Joint Intention Document also aims to double up the bilateral investment to $250 Billion in the next five years and was signed by the president of the Federation of Indian Chambers of the Industry and Commerce, Harshvardhan Neotia and the Chairman of the Singapore Business Federation South Asia Business Group, Gautam Banerjee.
“Singapore is a strategic partner of India and the launch of the Singapore India CEOs Forum as a high-level bilateral consultation mechanism will support the enormous potential for expanding bilateral trade and investments between the two countries,” Neotia was quoted as saying in the report.
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