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More Singapore companies tap India’s manufacturing boom

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Elysia Tan

Published Fri, Apr 7, 2023 · 09:06 PM

Reliable Hub plans to expand its capacity, recently acquiring land near its existing factory for further development. PHOTO: RELIABLE HUB'S ENGINEERING INDIA
Clearpack supplies packaging machines for many different functions, such as bottling, cartoning and shrink wrapping. PHOTO: CLEARPACK
Cantier's artificial intelligence-powered software systems equip manufacturers with industrial Internet-of-Things and other smart technologies. PHOTO: CANTIER SYSTEMS
In 2021, Rim Polymers begins work to help one of a major polyurethane steering wheel manufacturer shift and re-install their manufacturing lines into a new plant. PHOTO: CEH GROUP
Sanwa Synergy produces parts such as miniature circuit breakers for the electrical industry and wiper systems for the automotive industry. PHOTO: SANWA SYNERGY INDIA
Last year, through a partnership with CII, EnterpriseSG brought a delegate of Indian corporates to Singapore for the Industrial Transformation Asia-Pacific event, where they networked with local companies and discussed collaborations. PHOTO: ENTERPRISESG

AS INDIA’S manufacturing sector ramps up, Singapore companies are grabbing a slice of the pie – not least by supporting and supplying large multinational corporations (MNCs).

In 2022, the number of Singaporean firms that worked with Enterprise Singapore (EnterpriseSG) to enter India increased by more than 40 per cent compared to pre-pandemic 2019. Manufacturing was among the top three sectors represented in these companies, alongside information and communications and professional services, the agency said, but declined to provide exact figures. (* see amendment note below)

Singapore remains India’s top foreign investor, investing US$15.9 billion in the fiscal year ended March 2022.

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Asia-Pacific Manufacturing Supply chains India

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