Everyone has a stake in the future of our economy
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Singapore Indian Chamber of Commerce & Industry ESTABLISHED 1924 A publication of the Singapore Indian Chamber of Commerce and Industry MCI (P) 067/02/2017 ISSUE 05 • NOVEMBER 2017 Everyone has a stake in the future of our economy - Finance Minister Heng Swee Keat
CONTENTS EDITORIAL INFORMATION Chairman’s Message......................................................1 SICCI Connect is a newsletter of the Singapore Transformation at all levels...........................................2 Indian Chamber of Commerce and Industry. You SICCI Conference on India...........................................4 may send your comments to: Conference Speakers....................................................5 The Editor Conference Highlights..................................................7 Singapore Indian Chamber of Congratulatory messages from the conference Commerce and Industry delegates Kudos from the Speakers............................8 SICCI Building SICCI receives SBF Recognition Award.......................9 Singapore Indian Chamber 31 Stanley Street Exclusive Night for Members.....................................11 of Commerce & Industry ESTABLISHED 1924 Singapore 068740 Networking photos .....................................................13 Telephone: 6222 2855 Opportunities in Sri Lanka..........................................14 Website: www.sicci.com Recognition for Service to Business Community......15 Email: dhava@sicci.com Opportunities in Maharahstra....................................16 Members visit NTU......................................................18 Editorial Team 3D Print Your Competitive Edge................................20 Dr. R. Theyvendran Mr. Dhavakumaran M. SME Centre Appreciation Day...................................21 Scan QR Code Why Collaborate? Because you cannot do for the e-copy of SICCI Connect everything yourself......................................................22 Recognition for SMEs..................................................23 Copyright is held by the Singapore Indian Chamber of Get Export Help Today...............................................24 Commerce and Industry (SICCI). All rights reserved. Feel Tandoor, a gastronomic journey through free to reproduce reports in whole or part, but please credit North India...................................................................25 SICCI Connect. Trade Match.................................................................28 SICCI’S BOARD OF DIRECTORS SICCI PANEL OF (2016 – 2018) ADVISORS Dr R Theyvendran Ms Indranee Rajah Chairman Senior Minister of State Stamford Media International Pte Ltd Ministry of Finance & Ministry of Law Mr Neil Parekh Dr T Chandroo Mr J Y Pillay Vice-Chairman Vice-Chairman Chairman, Council of Presidential Advisers Individual Member Modern Montessori Rector, College of Elise and Peter Tan (NUS) International Pte Ltd Board Member of Vatican, Financial Information Authority Mr Akber Ali Honorary Treasurer Mr S Chandra Das Akber Ali & Co Singapore High Commissioner to Sri Lanka (non-resident) Board of Directors Managing Director, Nur Investment & Trading Pte Ltd Mr S Kesavan Ms Jayanthi Manian Diamond Glass Enterprise Pte Ltd Chase Resource Mr Sat Pal Khattar Mr SV Padmanabhan Management Pte Ltd Chairman, Khattar Holdings Pte Ltd. Olam International Pte Ltd Dato Thiayagarajan VT Mr Ashok Khosla Jothi Impex Pte Ltd Mr R Jayachandran OM Associates Pte Ltd Mr S Palaniappan High Commissioner to the Republic of Mauritius Ms Helen Campos Abiramee Jewellers (non-resident) MC Corporate Services Pte Ltd Mr Hanif Moez Nomanbhoy Executive Chairman, Mr Mohan Das Naidu Nomanbhoy & Sons Pte Ltd Napier Healthcare Solutions Pte Ltd Individual Member Mr TRV Rajan Mr Deepak Singapuri Techcom Solutions Pte Ltd Mr K V Rao New Light Enterprises Capt Subhangshu Dutt Resident Director, ASEAN Mr JP Jaiswal Individual Member Tata Sons Limited Peakmore International Pte Ltd
CHAIRMAN’S MESSAGE Members should develop new skills and capabilities to be ready for the future economy. Dear Members, We are bringing together members from the Chinese and Malay chambers and representatives from SBF, IE Singapore, and SPRING for our inter-ethnic Deepavali We are collaborating with NTU on the Night Gala event on 26th November. benefits of technology and the skills President Halimah Yacob is our guest- needed to be ready for the future of-honour. The event showcases the economy. Members can use cutting unity among the various ethnic groups in edge technology to improve their work Singapore. processes, increase productivity and save costs. Finance Minister Heng Swee Keat recently spoke on the importance of continuously India and ASEAN are celebrating 25 acquiring and developing skills and years of strategic partnership. To capabilities in tandem with the changing commemorate this partnership, the nature of work. I urge all members to fully Government of India is holding an India- uitilise the SkillsFuture initiatives rolled ASEAN Dialogue in Singapore in January out by the Government. 2018. SICCI is a supporting partner of this event which was last hosted in Singapore We held a successful conference 10 years ago. We hope that you would that helped delegates gain a better participate and make this event a grand understanding of doing business in success. India. Member of Parliament Mr Vikram Nair commended SICCI for helping the Wishing you success in all your Singapore Indian business community endeavours. explore new avenues of growth. Business delegates from Sri Lanka, Tamil Nadu and Kerala recently visited the Chamber to exchange business ideas, network and seek mutual cooperation in trade and investment. Our members Dr R. Theyvendran from various industries were given the Chairman, Board of Directors opportunity to present their business Singapore Indian Chamber of profiles and network. Commerce and Industry SICCI CONNECT 1
COVER STORY Transformation at all levels Mr Heng Swee Keat, Minister for Finance and Chairman of the Future Economy Council delivered a keynote address on 1st November at the inaugural Future Economy Conference and Exhibition organized by the Singapore Business Federation (SBF) at the Marina Sands Expo and Convention Centre. SICCI was a supporting partner of the conference. Our Trade Associations and Chambers (TACs) must lead sector-wide initiatives and seek shared solutions for their members. - Finance Minister Heng Swee Keat Addressing the business community, A special focus of the 2-day conference government agencies, and trade associations was on the Industry Transformation Maps and chambers, Mr Heng said that amid the (ITMs). Consultation clinics were helmed changes and talk on the future economy, by government agencies and TACs deeply there are continued growth opportunities involved in implementing the ITMs. Through with Asia leading the global growth outlook. these consultation clinics, businesses learned how they can become future-ready by “Everyone has a stake in the future of our understanding their industry’s transformation economy; everyone has a critical role to play, plan better, how they can transform and what and everyone has to act as one,” he said. support and assistance are available. “At the national level, the Government, Said Mr Heng, “This conference is a great SBF as the apex business chamber, and our example of one of the ways in which SBF and unions’ role is to work on the conditions TACs can play a leadership role. SBF and the for growth and catalyse partnerships and TACs in particular must play a leadership role capability development. to drive initiatives that will level up the sectors and create value for all their members.” “At the industry level, our Trade Associations and Chambers (TACs) must lead sector-wide Recently, thirty-one Singapore TACs and initiatives and seek shared solutions for their business groups came together to form the members,” he added. TAC Compact. SICCI CONNECT 2
COVER STORY The conference also saw the signing of a Memorandum of Intent between SBF and IMDA. Welcoming such a move, Mr Heng said, “As a SkillsFuture stronger enabler of the business community, the TAC Compact can better mobilise support Mr Heng also spoke on the importance of for collective ideas, resources and efforts to continuously acquiring and developing skills navigate complex business challenges in a and capabilities in tandem with the changing collaborative manner. I encourage business nature of work. leaders to lend your support and expertise to these Issues Committees and our TACs’ He said, “We are continually building Councils.” upon our SkillsFuture initiatives, to support individuals to reskill and upskill. Individuals The conference also saw the signing of a should make the most of SkillsFuture, as well Memorandum of Intent between SBF and as learning opportunities elsewhere, to build IMDA. up their relevance and confidence.” SBF and IMDA will collaborate to engage Mr Heng emphasized that the future economy trade associations, business chambers and called for transformation at all levels and businesses to help enable digital adoption and added, ‘This transformation is a national effort transformation. The partnership will facilitate, that requires the active support of leaders identify and recommend programmes and from SBF and our industry bodies, along with initiatives to assist the Digitalisation Issues our companies and workers. I hope many of Committee. you will come forth to lend your strengths and support. Let us partner across all levels SICCI Chairman Dr R Theyvendran sits on the and strengthen these interwoven networks to committee that aims to drive digital adoption transform our economy together.” and transformation across the Singapore business community. SICCI CONNECT 3
FEATURE SICCI Conference on India SICCI organised a conference on 2nd October at the Suntec Convention Centre on ‘Understanding and Overcoming the Challenges’ of doing business in India. Nearly 300 delegates attended the conference. Mr Vikram Nair, MP for Sembawang GRC was the guest-of-honour with special guest Mr. Ninad S. Deshpande, Deputy Indian High Commissioner. Guest of Honour Mr Vikram Nair MP for Sembawang GRC giving the opening address at the SICCI Conference. In his opening address, Mr Vikram Nair said Welcoming the delegates to the conference, that there has been much focus on India, SICCI Chairman Dr R Theyvendran said “It has a huge consumer market, growing that SICCI actively encourages members to and affluent middle class, young and vibrant explore new growth areas for their products population, investor confidence, smart city and services, and seek new investment initiatives, and e-commerce opportunities.” opportunities. He added, “Our trade associations and He said, “India is a market brimming with chambers are a valuable platform for members potential. Under PM Modi’s favourable and to network and strengthen their business open policy environment, there are many ties. They allow members to gain access to significant investment opportunities in India new markets and enhance their business for Singapore companies. development efforts. “The Smart Cities initiative also opens doors The Singapore Indian Chamber has over the in the energy, building, and logistics sectors. years become an important voice for the Singapore is seen as a smart nation that is Indian business community”. very relevant to the aspirations of new India.“ SICCI CONNECT 4
FEATURE Conference Speakers The conference focused on legal, taxation and banking challenges unique to India. Conference speakers from right - Mr Tay Lian Chew, Group Director, North and South Asia Group, International Enterprise Singapore, Mr Amit Sinha, Managing Director, Global Head, Telecommunications Media & Technology, DBS Limited, Mr Ajay Kumar Sanganeria, Tax Partner, KPMG Singapore, Mr Chandra Mohan Rethnam, Head Commercial Litigation, Rajah and Tann, Singapore and moderator Mr Allen J Pathmarajah, Executive Chairman of the AJP Advisers Group. If you are going to India, there is one important thing - please navigate. Make sure that if you are going - in some ventures it is useful to have a partner who can help you, - Mr Chandra Mohan Rethnam from Rajah and Tann Taxation and exchange control regulations will continue to be two key areas to be mindful of and should be addressed at the planning stages of market entry - Mr Ajay Kumar Sanganeria from KPMG Singapore IE Singapore has helped companies succeed in India. - Mr Tay Lian Chew from IE Singapore. SICCI CONNECT 5
FEATURE Guest of Honour MP Vikram Nair and Special Guest Deputy Indian High Commissioner Mr. Ninad S. Deshpande being welcomed by SICCI Chairman Dr R Theyvendran, SICCI Vice Chairman Mr Neil Parekh and CEO Mr Sunil Peter. For more conference details please visit SICCI Facebook. For SMEs, the key part is to figure out what are the large projects, which are the right counterparties, and which risks are worth them taking. And then, they can add value. - Mr Amit Sinha from DBS Limited SICCI CONNECT 6
FEATURE Congratulatory messages from the conference delegates Really appreciative of the efforts put in by Thank you for the event. I learnt a lot about SICCI to host an impressive Conference. India. - S. Gunasegaran, Director, Pixibit Pte It was very informative and useful. Ltd - R. Ragunathan, Partner, PWC It was a good event and was very useful. The Conference was very impressive and Our support will always be there for SICCI. useful - Venkat Iyer, Director, DigiVation - S. Jaafar Ghany, Chairman & Group Director, World Pte Ltd Unipro Groups Pte Ltd Thank you for organising the Event Well organised and well done. Congrats! - Rafee Salleh, Senior Manager, SSA Group All the best for future events. - Thomas of Companies Joseph, General Manager, Business Thinking Systems (Singapore) Pte Ltd Congratulations on organising a brilliant conference. The speakers, the content, Thank you for the well organised timing… everything was great !! Much Conference. - Sonam Chauhan, Tax Manager, appreciated - Mrigank Ojha, Managing KPMG Director, Exponent Global Consulting Pte Ltd A very helpful conference. - Jason Tan, Thank you for the wonderful Conference. Finance Director, ASM Assembly Systems It was well planned out. - Galvin Ong, Singapore Pte Ltd Senior Associate, DBS Bank The Conference was quite useful to me I am learning a lot, and it’s a good - K. Krishnan, Director, International Fibre conference.- Adrian Lim, CEO, CardPlus Pte Resources Pte Ltd Ltd Kudos from the Speakers Ajay K. Sanganeria, Tax Partner, KPMG – Chandra Mohan, Head – Commercial It was great to join hands with other Litigation, Rajah & Tann – It was a pleasure speakers for this event. Many thanks for to be part of the conference and many organizing this and involving us. thanks to you and your team for putting up a fantastic show. It was great to work Amit R. Sinha, Managing Director, Global with you and the other speakers on this. Head – Telecommunications Media & Thanks again! Technology, DBS Bank – Great to be part of the event and sharing the podium with other speakers for the panel discussion. SICCI CONNECT 8
SICCI receives SBF Recognition Award The award recognizes SICCI’s contributions throughout the years to the Singapore business community. From left: SBF Chairman Mr SS Teo, SICCI Chairman Dr R Theyvendran and SBF CEO Mr Ho Meng Kit The Singapore Business Federation (SBF) stronger network. SICCI Chairman, Dr R commemorated its 15th anniversary with Theyvendran received the award from SBF. a Gala Dinner on 6th October 2017 at the Shangri-La Hotel. The dinner was attended by SICCI is one of Singapore’s most respected some 1,000 individuals comprising ministers, and active business chambers today, with members of the diplomatic corps, trade 1000 members. Its subsidiaries – SICCI- associations and chambers and members of Trade Match, SME Centre@SICCI and SICCI- the business community. Former President Institute of Business (IOB) – offer members Tony Tan also graced the occasion as Guest- and the wider corporate community a diverse of-Honour. range of services to meet their ever growing business through seminars, forums, training The Singapore Indian Chamber of Commerce programs, courses, advisory services and and Industry (SICCI) received the SBF robust networking opportunities. Recognition Awards. The Awards acknowledge the contribution and support of individuals SICCI works closely with trade associations and organisations to the Federation. They and business chambers to further the interests are also intended to encourage members of of members and facilitate the growth of the the business community to collaborate more Singapore business community. closely with SBF so as to foster a closer and SICCI CONNECT 9
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FEATURE Exclusive Night for Members SICCI organised a members’ networking night in November at the Orchard Hotel. More than 120 members attended the event. Event sponsors ICICI Bank, and Fuji Xerox shared their expert views on banking matters and business solutions respectively. New SICCI Members received their membership certificates at the Networking Night from SICCI Chairman Dr R Theyvendran (centre) and SICCI Director Dato Dr Thiayagarajan VT ((5th from left) SICCI Chairman Dr R Theyvendran said Dr Theyvendran strongly encouraged our that over the years, members have found members to come forward and work closely the networking nights a useful platform to with the Chamber to unlock their business grow their business. He said, “At SICCI, potential. He added: we are always looking to collaborate with industry experts to bring more benefits to our ”The Chamber is here to enhance members. We have lined up many exciting your business goals, build on your events where our members can attend and grow their business.” capabilities, acquire business knowledge and build networks. Be “We are also bringing together bold in your approach and continue members from the other ethnic to reposition yourselves for the chambers, SBF and other trade future economy so that you are associations for our Deepavali Night able anticipate changes and react Gala event on 26th November. Our quickly.” President Mdm Halimah Yacob is the guest-of-honour.” SICCI CONNECT 11
FEATURE Guest-speaker Mr. Anupam Verma, Chief Guest-speaker Mr. Joy Thiraviarajah, Regional Executive, ICICI Bank Limited talked about the Consultant, Fuji Xerox Singapore gave his future of banking and how the digital era will views on how businesses can leverage on impact banking transactions. cutting edge technology to improve their processes. ‘ SICCI Director Ms Jayanthi Manian shared on SICCI Director Mr S Kesavan shared on the the details of the Deepavali Night Celebrations upcoming Singapore Indian Entreprenuers’ to be held at One Farrer Hotel on Award (SIEA) organised by SICCI in early 2018. 26th November. There is always space for improvement, no matter how long you’ve been in the business. - Oscar De La Hoya SICCI CONNECT 12
FEATURE Members from various industry sectors attended the networking night, sharing business ideas and at the same time enjoying the sumptuous Indian cuisine.
Opportunities in Sri Lanka Delegates from the Sri Lanka – Singapore Business Council met with SICCI members on 9th November at the Chamber to exchange business ideas, network and seek mutual cooperation in trade and investment SICCI Chairman Dr R Theyvendran shared on the importance of finding the right business partner when venturing overseas. Such a partnership will help to overcome any challenges and to steer the business in the right direction he said. He urged members and delegates to network and build on business ideas and explore new market opportunities. The business council’s mission objectives included: • Promoting exports from Sri Lanka to Singapore • Encourage joint ventures between Sri Lankan and Singaporean investors • Exchange information on trade and investment with the various agencies in Singapore SICCI members from various industries presented their business profiles at the meeting. These sectors included solar panels manufacturing, agro commodities, shipping, safety and health, construction, energy, social media, F&B, trade consultancy, accounting and education. Mr Niranchana Karthik, Managing Director of digital solutions provider Diglit said, “A very good networking session. I was able to Oils & Fats Pte. Ltd shared “After listening explore new opportunities in Sri Lanka. As a to the various business profiles of the digital solutions provider, my services would delegates, I was able to focus and meet with be useful to many companies there. I would the business people who I can work with for like to thank SICCI for bringing businesses mutual benefit. A wonderful session. Thank together and am looking forward to further you SICCI.” networking sessions.” Members who are seeking networking Mr Geoffrey Kua, Regional Business opportunities can call 6222 2855 or Development Manager of Inter-Continental email SICCI CONNECT 14
Recognition for Service to Business Community The former Chairman Nigeria, and holds directorships of several of SICCI, Mr Shabbir companies, including Indo Straits Trading Co H. Hassanbhai who Pte Ltd. He serves as Vice President of the led the chambers from Singapore Indian Development Association 2001 to 2004, has (SINDA)’s executive council, and is Chairman been bestowed the of the advisory board of the NTU-SBF Centre Singapore Business for African studies. Federation (SBF) Recognition Awards Mr Shabbir was presented the Public Service acknowledging his many contributions to Medal in 2010, and received the long-service the business community. The award was award from the National Council of Social presented at the SBF 15th anniversary Service in 2011. celebrations on 6th October. The SBF Award is also intended to encourage members of the business community to collaborate more ‘Once you give to others, you closely with SBF so as to foster a closer and stronger network. grow more in touch with how much you have. Goodness Mr Shabbir is Singapore’s Non-Resident High Commissioner to the Republic of begets goodness.’ InstaReM: Cost-effective and transparent money transfer platform InstaReM plans to start its outbound money remittance services from India by November 2017, in partnership with a leading authorised dealer - category I bank, as per RBI’s governing conditions for the partnership. InstaReM will be able to process outbound remittances from India for transactions related to business, overseas education, medical treatment and more. With InstaReM consistently ranking as a leader on World Bank’s list of the most cost-effective With the vision of making cross-border remittance platforms in various corridors from remittances a convenient and cost-effective Australia and Singapore, the FinTech based affair for expats and businesses, Singapore- firm has its eyes set on exploring other payment headquartered FinTech company, InstaReM, has corridors across the globe including India. emerged as a strong player in the international payments industry. Backed by an automated platform and a widespread network with banks across the Launched in 2011, InstaReM has gone from world, InstaReM offers transparent international strength to strength and expanded its network money transfers at a fraction of the cost offered across the globe. A recent milestone in the by traditional players in the industry. company’s eventful journey was receiving the Reserve Bank of India’s approval to facilitate Article contributed by InstaReM overseas remittances from India. www.instarem.com SICCI CONNECT 15
Opportunities in Maharahstra The Institute of South Asian Studies (ISAS) and Confederation of Indian Industry (CII) held the Chief Minister Lecture in September supported by the High Commission of India. several times that of the value of their land, leading to a conducive sale for the farmers. He also noted India’s high potential in terms of its demographic dividend and urged potential investors to collaborate with Maharashtra for mutual growth. The questions during the active discussion ranged from solving waste and flood management, slum redevelopment and conversation of heritage sites to aviation opportunities, port development and administrative reforms to address the challenges of the state. Chairing the session, Ambassador- at-Large Gopinath Pillai, Chairman (Left) Mr Devendra Fadnavis, Chief Minister of ISAS, shared his 30-year Maharashtra and Ambassador-at-Large Mr Gopinath Pillai, experience of doing business in Chairman of ISAS India. Mr Devendra Fadnavis, Chief Minister of the “States like Maharashtra, in Indian state of Maharashtra shared his views on ‘Infrastructure-led Growth: Maharashtra particular, are taking the lead in – India’s Engine of Development’. Mr reforming business conditions Fadnavis was in Singapore as the 57th Lee and reducing costs for investors. Kuan Yew Exchange Fellow. He cited the Mumbai Metro, Mumbai Trans Harbour If Maharashtra can hasten its Link and a super expressway as projects efforts in this regard, and if other that had benefitted from the administrative states in India can learn from these streamlining by his office. examples, then the investment The Chief Minister focused on three key areas, conditions in India would vastly namely, agriculture, ease of doing business improve”, said Ambassador Pillai. He and infrastructure development. Mr Fadnavis applauded the fact that Maharashtra was explained that the adoption of a “consent perhaps the most business-friendly state of land acquisition” model has facilitated India. the smooth procurement of land for key projects. Under this model, the Maharashtra Article and Photo courtesy of ISAS government offers farmers repatriation worth SICCI CONNECT 16
events ‘Achieving Success’ In October, SICCI Chairman Dr R Theyvendran gave a talk to 70 students and faculty members from Mumbai on ‘Achieving Success’. The students gained valuable insights on how they can become successful leaders. Each student was presented with a certificate of participation. The talk was held at the MDIS auditorium. Kerala Ministerial Visit A Kerala Ministerial Delegation led by Mr T P Ramakrishnan, Minister for Labour & Skill Development, Government of Kerala (Centre) visited SICCI in November to look into skills upgrading and business opportunities. SICCI Board Members Mr Venkat Padmanabhan, Ms Helen Campos and Dato Dr Thiayagarajan and CEO Mr Sunil Peter represented the Chamber. MOU with Tamil Nadu Chamber of Commerce SICCI hosted delegates from the Tamil Nadu Chamber of Commerce. A MOU was signed during the event by SICCI Vice Chairman Dr T Chandroo and Mr James Chelladurai, General Manager of Tamil Nadu Chamber. SICCI CONNECT 17
NEW TECHNOLOGY Members visit NTU SICCI organized a visit recently to Nanyang Technological University (NTU) robotics and 3D printing labs to allow members to gain first-hand experience on how the latest technologies are impacting today’s businesses. SICCI Members at the NTU Robotics lab Robotics The EDGAR series of robots are social replaced by robots. The Chamber would like robots developed entirely at the Nanyang to encourage its members to be aware and Technological University (NTU), Singapore. prepare themselves for these technological They represent a part of the global effort changes that will invade and possibly to revolutionize the way humans interact make many jobs in varied sectors such as with robots. With robots like these, the telemarketing, manufacturing, warehousing, hope is that human-robot interaction can logistics, F&B and office administration become easier and more natural. Soon, redundant. robots will need only inputs such as human speech, contextual cues and the nuances of body language in order to understand how they can assist us. New improvements are constantly added to the EDGAR robots. SICCI members were able to interact with Edgar 2.0 at the robotics lab. Edgar 2.0 performed at this year’s National Day Parade. Robotics is making rapid progress where many traditional jobs will be phased out and SICCI CONNECT 18
NEW TECHNOLOGY 3D printing allows designers to be creative 3D Printing 3D printing creates solid parts by building up SICCI Member Mr Guna, Director, Pixbit Pte objects one layer at a time. Producing parts Ltd shared “Thank you for organising the via this method offers many advantages over NTU visit. I really enjoyed the visit and traditional manufacturing techniques. There managed to interact with many potential are many applications where a 3D printer partners in digital media domain. Looking is able to deliver a design quickly, with forward to taking part in future events. high accuracy from a functional material. The visit opened up a new door for Pixibit Understanding the advantages of 3D printing to collaborate with NTU in developing allows designers to make better decisions robotic and 3D printing based business when selecting a manufacturing technique ideas.” that results delivery of the optimal product. Mr Anant Karnik added, “It was a wonderful NTU’s Singapore Centre for 3D Printing trip. The visit was full of latest technology and aspires to be a national centre of excellence, the benefits to enterprises.” to consolidate cutting edge technology and research in the area of 3D printing. Visit our Facebook for full photos of the visit: The centre aims to build on Nanyang Technology University’s (NTU) existing https://www.facebook.com/ strengths and competencies in 3D printing SingaporeIndianChamber for manufacturing and precision engineering. SICCI CONNECT 19
NEW TECHNOLOGY 3D Print Your Competitive Edge 3D printing is identified by Singapore as one of the key technologies in future of manufacturing and construction. Singapore sees 3D printing as an enabler of industries: increasing productivity, reducing cost and realising previously impossible to create products. SC3DP Executive Director, Dr Chua Chee Kai, SC3DP researcher using a Selective Laser examining 3D printed metal industrial component. Melting Machine (SLM) for 3D printing. Few may have heard of Additive Manufacturing establish strong linkages with the industry and (AM), or otherwise known as Three deliver innovative, state-of-the-art solutions. Dimensional Printing (3D Printing). However, that will soon change as The Economist has SC3DP researcher using a Selective Laser forecasted 3D printing to be the leading force Melting Machine (SLM) for 3D printing. in a third industrial revolution. The Centre has identified six key areas of Simply put, 3D Printing is a revolutionary research: future of manufacturing, aerospace engineering technology that enables the and defence, building and construction, fabrication of 3D parts using a computer- marine and offshore, biomedical and food, aided programme which adds the materials and electronics. Examples of ongoing sequentially, layer by layer. Two key research range from 3D printing of lightweight advantages of 3D Printing are the abilities to unmanned aerial vehicles (UAVs) to healthy print highly complex models and structures, puree food targeted at elderly patients and with no material wastage and additional who experience difficulty in chewing and material cost. Therefore, 3D Printing can swallowing solid food. potentially reduce manufacturing costs, and build more environmentally friendly products. The next SSG 3D Printing for Rapid Product Development course will be held on 12-17 The Singapore Centre for 3D Printing January 2018. Participants will learn about 3D (SC3DP) in Nanyang Technological University Printing techniques, applications, case studies (NTU), Singapore, is where the future of 3D and trends. It includes a 1-day workshop printing takes shape. Officially launched on where one will get to observe and understand 17 May 2016, the Centre is supported by 12 different 3D Printing systems (printing cells, Singapore’s National Research Foundation chocolate, circuits, copper and concrete). This and other government agencies. The Centre course is supported by SkillsFuture. endeavours to be a world leader in 3D printing and a wellspring of knowledge. In addition to More information on this course can be found attracting leading researchers and nurturing online at http://sc3dp.ntu.edu.sg or by email a skilled talent pool, the Centre aims to to SC3DP-training@ntu.edu.sg. Article contributed by NTU SICCI CONNECT 20
SME SME Centre Appreciation Day The SME Centre Appreciation Day was held on 19th October 2017 at Suntec City facilitated by SPRING Singapore. Through SPRING the five SME Centres had shared and provided their perspectives on the framework for supporting Small and Medium businesses in Singapore. SME Centre@SICCI Chairperson and SICCI Director Ms Helen Campos (centre) with the Chief Executive of SPRING Mr Poon Hong Yuen and the Business Advisors at the appreciation dinner. The Chief Executive of SPRING, Mr Poon Hong (An article on the solution was featured in SICCI Yuen addressed the attendees who included Connect September 2017 issue) representatives from the Chinese and Malay Chambers, Association of Small and Medium Having met with a handful of component Enterprises and Singapore Manufacturing manufacturers and conducting productivity Federation. diagnosis, Kritika noted that there was a potential to automate their internal measurement processes Mr Poon introduced the eleven group-based and workflow management issues that are unique upgrading solutions, which are currently being to these manufacturing factories. worked by the various SME centres. This initiative is seen as a significant advancement The group-based upgrading solutions are projects within the Component Manufacturing field. With that SME Centres pursue in addressing sectoral a strong focus on automation being the key, issues or problems faced in a locality by Small and this project is set to garner interest from the Medium Enterprises in Singapore. businesses in the Manufacturing Industry that are looking to embrace change and be ready for the In sharing examples of these projects, the partners next generation. from various agencies presented their solutions to the floor, providing SPRING the opportunity to showcase the achievements from each of the SME centres. Ms Kritika Rajwani, a business advisor from the Singapore Indian Chamber of Commerce & Industry (SICCI) SME Centre was proudly featured for her innovative project: “Just Place and Press! - Improving the measurement process of the Manufacturing industry!” Just Place and Press! aims to modernize the Ms. Kritika Rajwani explaining her project laborious job function of component measurement at the SME Centre Appreciation Day on in the Manufacturing sector in Singapore. 19th October 2017. SICCI CONNECT 21
MEMBERS SECTION Why Collaborate? Because you cannot do everything yourself SICCI Associate Corporate Member ‘bizzi’ shares on how SMEs can work together for mutual benefit. So how do you get started with collaboration? One of the best pieces of advice we give to SMEs we talk to is to trust in your business’s expertise. Your expertise is what your customers love you for. Do not deviate from this unless you have the time, the funds and the market to expand your offering. Once you have clearly defined your expertise, the aim SMEs face enough challenges these days of collaboration is to look for complimentary without making their busy lives unnecessarily businesses that can actually support your harder. Working with other SMEs – in growth. Singapore and elsewhere in the world – can go a long way to making your business Collaboration is also great for sharing ideas, journey easier. Too many SMEs struggle to knowledge exchange and feedback. And, grow because they try to do so much on their since everyone needs something for their own, especially in the early years. Few take business, you can also use this approach advantage of the benefits that to source products and services from other SMEs, and have them source from you. can be gained by collaborating with other small business owners. Working in cooperation with Don’t be afraid to look for collaborations other SMEs can help you grow your business in overseas markets. It is a quick and low- faster and further, at lower cost and with less cost way to explore and enable overseas risk. expansion with less risk. If trust is an issue, start with the business owners you know well. Can you imagine needing to raise money for They will be able to recommend contacts your business, but then finding out that you they trust, providing reliable organic growth don’t need as much as you originally thought? for your collaboration. What about needing three extra staff, then realizing there may be a way to grow with just You have so much opportunity to expand one, saving you a lot of money? through collaboration with SICCI’s members! Get in touch with them, as well as with all Collaboration can make these things happen… of those business owners you know in India and so much more. Being a SICCI member and itself. Share with part of the Indian diaspora, you have a unique and fantastic opportunity for collaboration A little time and thought spent on right on your doorstep. Indian entrepreneurs collaboration will give your business the are some of the best networkers in the world potential to grow beyond what you thought and, in our experience, are always ready and possible. And you won’t have to do it alone. flexible to take advantage of an opportunity, no matter where or what it is. www.bizzi.co SICCI CONNECT 22
MEMBERS SECTION Recognition for SMEs This year, SICCI Corporate Member Dun & Bradstreet Singapore paid tribute to 46 Eminent Businesses with its inaugural Business Eminence Awards 2017. The initiative, in its maiden year, seeks to Rhodium International, SSA Group, ITCAN, recognize the noteworthy achievements of and KRD Enterprise. Small- and Medium-sized Enterprises (SME) in Singapore. To qualify as an Eminent Business, the company must have first achieved profitability “The D&B Business Eminence Awards over the last two financial years, registered was conceived to provide well-deserved with the Accounting & Corporate Regulatory recognition to SMEs, which have not only Authority (ACRA), and be in operations for achieved outstanding financial performance, at least 3 years with an annual turnover of but also demonstrated good growth between S$1 million to S$100 million. potential, nurturing an innovative culture, and entrepreneurship.” said Ms Audrey Chia, “We have spent close to a year to verify each Chief Executive Officer of Dun & Bradstreet and every one of the nominees who had Singapore. submitted their entries.” Ms Chia said. The Gala event was held at Mandarin Other parameters include indicators of Oriental, where this year’s award winners business excellence such as corporate social were commended on their performances of responsibility. their businesses in 2017. As Singapore continues to ride through the With a diverse pool of winners this year challenges brought on by the uncertain global from across a variety industries and unique economy, the Business Eminence Awards business models, it was certainly not easy to sends a vote of confidence and a message of identify and shortlist the winners. Winners support to the SMEs in Singapore. range from the Meetings, Incentives, Conferences, and Exhibitions (MICE) industry “We are hopeful that the various government to the cybersecurity industry. initiatives will help spur the SME community in Singapore towards adopting smarter “Despite the global uncertainties and technologies, embracing innovation and challenges in the recent years, we are enhancing the skills and competencies of heartened to see that there are companies their employees to remain relevant in this which have performed well and thrived age of disruption.” said Ms Chia. amidst such a challenging environment.” added Ms Chia To apply for the Business Eminence Awards, please go to Dun & Bradstreet’s website at Some of the winners at the event include http://www.dnb.com.sg/BE-Awards.html. Singapore Cruise Centre, Sunway Concrete, SICCI CONNECT 23
IE Singapore Get Export Help Today Know your export markets with IE Singapore’s Tariff Finder Launched in August 2017, International a specific product, and to the destination Enterprise (IE) Singapore’s Tariff Finder is a country. complimentary, online database, continuously updated with key trade information. With just Rules of Origin: Find the Rules of Origin a few clicks, you can now find country specific to qualify for preferential tariffs under Free information on tariff and non-tariff trade Trade Agreements (FTAs). measures for over 100 countries. Import Formalities: Find the import Tariff and Non-Tariff information can be procedures and documents required for obtained easily just by keying in the country import into the destination country. of origin, destination country and a product description, or a product Harmonised System To access the complimentary Tariff Finder (HS) code. If you wish to find your product’s service, simply visit www.iesingapore.gov. code, the database contains a comprehensive sg/FTA. list of products and their corresponding HS codes, which can be used as guidance. Register for an account using your corporate email address and company’s Unique Entity The Tariff Finder contains 4 modules: Number (UEN) and you can get your export Nomenclatures, Tariffs and Taxes, Rules of questions answered. Origin, and Import Formalities. If you experience problems with your Nomenclatures: Search for product’s registration, please send an email to iesg@ Harmonised System (HS) code. mendel-online.com and the support team will provide you with the required assistance. Tariffs and Taxes: Check Customs duties, preferential tariffs and taxes applicable to Article contributed by IE Singapore SICCI CONNECT 24
ADVERTORIAL Tandoor, a gastronomic journey through North India Established in 1985, Tandoor, Singapore’s most awarded Indian restaurant at Holiday Inn® Singapore Orchard City Centre, takes diners on a journey with authentic prepared traditional North Indian cuisine that pay homage to the colourful stories that make up the country’s rich culinary heritage. Hailing from across India, its menu reflects the aromatic spreads of the country’s diverse regions covering the coastal areas of Goa, Mangalore, Lucknow, Punjab and more. Among its famed signature dishes are the classic Tawa Meen where spiced fish is wrapped in banana leaf and chargrilled. The Mango Curry is also one dish not to be missed, a Tandoor exclusive featuring a unique mix of sweet, ripe mangoes in a savoury, spicy curry which keeps diners coming back for more. SICCI CONNECT 25
ADVERTORIAL Tandoor also offers cocktails such as the and clients alike. Its décor and understated Bollywood Bellini, a lychee and champagne palette complement the backlit alabaster cocktail, and the Chai Mojito, Masala-infused wall panels featuring Jaali, a latticed screen rum with mint, coriander and soda, and an typical of Indian architecture, while the twin impressive list of 40 labels of Old and New pillars house the traditional Indian craft of World wines. Each dish is carefully handcrafted inlay mirrors. by the culinary team using classic recipes and Serving lunch, dinner and buffet brunch time-honoured methods which date back in on Sundays, the restaurant maintains its time across India’s rich history. affordable price point, making it an accessible restaurant for fine North Indian cuisine. The Contemporary & modern yet laced with adjoining private dining room, Maharajah tradition, Tandoor, presents an inviting Suite, can seat up to 50 people and is a atmosphere where you can enjoy good food perfect venue for a private meal with your and great conversations with family, friends esteemed guests. Tandoor offers 25% off the total bill to all SICCI Members Terms and conditions: • Members of the Singapore Indian Chamber of Commerce must present the ref code SICCI17 when asking for the bill • Prior reservations is required. For reservations, please call +65 6733 8333 or email tandoor.hisinorchard@ihg.com • Not valid in conjunction with other discounts, offers, promotions, vouchers and privileges • The management reserves the right to amend the terms and conditions without prior notice • Offer will be valid till 31 December 2017. SICCI CONNECT 26
Trade Match GRANDLENS PRODUCTION SINGHAL INDUSTRIES Contact Name : Raja Rajan Contact Name : Ajit Contact No : +65 8321 0874 Contact No : +91 9081800663 Email : productiongrandlens@ gmail.com Description: Manufacturer & exporter of a wide variety Description: of plastic packaging material such FIBC/ Services include event photography and Jumbo/ Big Bags (Used for packaging for video, instant photobooth, studio/outdoor transportation of dry and flow-able products), photography, corporate events, cinematic Polypropylene Woven Bags with/without video, photo/video editing, shows/ Liners (for packaging of salt, grains, sugar, arangetram, wedding/engagement/ROM/ cement, fertiliser, fodder etc.), Leno Mesh birthday, specialised photobook designs. Bags (for packaging of fruits, vegetables and firewood), 350 Tons of FIBC’s, 150 Tons of PP Woven Bags, 120 Tons of Leno Mesh Bags & MOXY STEEL IMPEX 80 tons of Geo-textile Bags & Sheets every month and well equipped with Clean room Contact Name : Lalit Bokadia (for Food Grade Bags) with certifications. Contact No : + 91-9869006100 Email : moxysteel@gmail.com COIR PRODUCTS Description: Stainless steel Plates, Sheets, Coils, Contact Name : Sivakumrajja Strips,Pipes /Tubes/ PIPE FITTINGS Email : sivakumarhuskchips@ ( Seamless & Welded), Round, Square, Flat, gmail.com Hexagon , big size fabricated Pipes with 100% Radiography, Wire, Circle, Fasteners Description: Valve, Perforated Sheet, Wire mesh etc. in Company provides a wide range of Coir the grade of AISI / ASTM A213, A269, A312, Products such as husk chips, Coir Pith ( coco A240 TP 304, 304L, 304H, 316, , 316L, 321, peat), Fiber, Grow Bags, Coconut. Looking 309, 310 310H, 347, 410, 430, 431 etc. and for importers from Singapore. any other type of metals in ASTM, BSS, DIN, SAE, ISS & all international grades. SICCI CONNECT 28
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