Everyone has a stake in the future of our economy

 
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Everyone has a stake in the future of our economy
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
Everyone has a stake in the future of our economy
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
Everyone has a stake in the future of our economy
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
Everyone has a stake in the future of our economy
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
Everyone has a stake in the future of our economy
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
Everyone has a stake in the future of our economy
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
Everyone has a stake in the future of our economy
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
Everyone has a stake in the future of our economy
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
Everyone has a stake in the future of our economy
FEATURE

          Conference Highlights

                              SICCI CONNECT 7
Everyone has a stake in the future of our economy
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
SICCI CONNECT 10
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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