• overview
  • strengths
  • Bilateral Agreements
  • bilateral trade
  • agencies
  • Indian Mission

US$ 115,089mn
is FDI inflow into India from April 2000 - March 2021

US$ 21.98bn

bilateral trade value for 2020-21

6.5 lakh
Overseas Indians live in Singapore

Strengths

GDP per capita, is among the highest in the world

13th

largest exporter in the world, with total exports of US$ 411.7 billion in 2018

Enabling environment

Singapore has a well-developed infrastructure, favorable regulatory and taxation frameworks and a skilled workforce

5-S Plank

Agreement to enhance bilateral relationships (i) Scale up Trade & Investment (ii) Speed up Connectivity (iii) Smart Cities and Urban Rejuvenation (iv) Skill development (v) State focus

Finance and Investments

Singapore-based investors have Assets Under Management (AUM) valued at over US$100b in India

Start-up sector

India and Singapore have a robust start-up sector which requires investments

Urban and infrastructure development and smart cities

Singapore entities have become major partners with India in these areas

India's Exports and Imports to Singapore

S.No. \Year 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
1 EXPORT 9,809.36 7,719.81 9,564.58 10,202.82 11,571.14
2 %Growth -21.3 23.9 6.67 13.41
3 India’s Total Export 3,10,338.48 2,62,291.09 2,75,852.43 3,03,526.16 3,30,069.60
4 %Growth -15.48 5.17 10.03 8.75
5 %Share 3.16 2.94 3.47 3.36 3.51
6 IMPORT 7,124.47 7,308.38 7,086.57 7,466.99 16,281.64
7 %Growth 2.58 -3.04 5.37 118.05
8 India’s Total Import 4,48,033.41 3,81,007.76 3,84,357.03 4,65,580.99 5,14,034.09
9 %Growth -14.96 0.88 21.13 10.41
10 %Share 1.59 1.92 1.84 1.6 3.17
11 TOTAL TRADE 16,933.83 15,028.20 16,651.15 17,669.82 27,852.78
12 %Growth -11.25 10.8 6.12 57.63
13 India’s Total Trade 7,58,371.89 6,43,298.84 6,60,209.46 7,69,107.15 8,44,103.68
14 %Growth -15.17 2.63 16.49 9.75
15 %Share 2.23 2.34 2.52 2.3 3.3
16 TRADE BALANCE 2,684.89 411.43 2,478.01 2,735.83
17 India’s Trade Balance -1,37,694.93 -1,18,716.67 -1,08,504.60 -1,62,054.83 -1,83,964.49

Enterprise Singapore

+65-6898-1800

Visit Website

167, Jalan Bukit Merah #03-13, Tower 4, Singapore 150167

Singapore Business Federation (SBF)

+65-6827-6828

Visit Website

160 Robinson Rd #06-01 SBF Center Singapore 068914

CII

+91-11-4577-1000; 2462-9994/7

Visit Website

The Mantosh Sondhi Centre 23, Institutional Area, Lodi Road, New Delhi - 110 003 (India)

Singapore Indian Chamber of Commerce& Industry

+65-6222-2855

Visit Website

SICCI Building 31 Stanley Street Singapore 068740

The High Commission of India, Singapore

+65-6737-6777

Visit Website

31, Grange Road Singapore 239702.

Commercial Representative

+65-8716-3002; 6238-0221

S. Jayaprahasam
First Secretary (Commerce)

Opportunities

Agricultural exports

    Beer made from malt (220300)
    Liqueurs & cordials (220870)
    Non-alcoholic beverages other than waters of 2202.10 (not incl. fruit/veg. … (220290)
    Sparkling wine of fresh grapes (220410)
    Spirits obt. by distilling grape wine/grape marc (220820)
    Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)
    Whiskies (220830)
    Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of 2 l/less (220421)

    agriexchange.apeda.gov.in

    Cuts & edible offal of species Gallus domesticus, frozen (020714)
    Live fowls of species gallus domesticus, weighing > 185g (010594)
    Meat of bovine animals, fresh/chilled, boneless (020130)
    Meat of bovine animals, frozen, boneless (020230)
    Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), froxen (020329)
    Other fresh eggs: of fowls of the species gallus domesticus (040721)

    agriexchange.apeda.gov.in

    Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in Ch.19, whethe … (190590)
    Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)
    Sweet biscuits (190531)

    agriexchange.apeda.gov.in

    Malt extract; oth. food preps. of flour/groats/meal/starch/malt extact [see … (190190)
    Other wheat and meslin (100199)
    Semi-milled/wholly milled rice, whether or not polished/glazed (100630)
    Wheat/meslin flour (110100)

    agriexchange.apeda.gov.in

    Undenatured ethyl alcohol of an alcoholic strength by volume of 80% vol. (220710)

    agriexchange.apeda.gov.in

    Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)
    Chocolate & oth. food preps. cont. cocoa, in blocks/slabs/bars, weighing 2k … (180631)
    Cocoa beans, whole/broken, raw/roasted (180100)

    agriexchange.apeda.gov.in

    Butter (040510)
    Milk & cream, not concentrated/sweetened, fat content by wt. >1% but not >6 … (040120)
    Milk in powder/granules/oth. solid form, fat content by wt. not >1.5% (040210)
    Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)
    Processed cheese, not grated/powdered (040630)

    agriexchange.apeda.gov.in

    Food preps., n.e.s. (210690)
    Prepared/presvd. preps. of fowls of the genus Gallus domesticus (excl. homo … (160232)
    Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)
    Whey & modified whey, whether or not concentrated/sweetened (040410)

    agriexchange.apeda.gov.in

    Apples, fresh (080810)
    Grapes, fresh (080610)

    agriexchange.apeda.gov.in

    OTHER LEGUMINOUS VEGETABLES, SHELLED OR UNSHELLED, FRESH OR CHILLED (070999)

    agriexchange.apeda.gov.in

    Crustaceans; frozen, shrimps and prawns, excluding cold-water varieties, in shell or not smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water (030617)
    Crustaceans; not frozen, crabs, whether in shell or not smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water, edible flours, meals and pellets (030624)
    Fish preparations, fish minced or in forms n.e.c. in heading no. 1604, prepared or preserved (160420)
    Fish; frozen, toothfish (Dissostichus spp.), excluding fillets, livers, roes, and other fish meat of heading 0304030383
    Mollusc preparations; abalone, prepared or preserved (160557)

    fishexchange.mpeda.gov.in

    Nuts (excl. ground-nuts), incl. mixts., prepd./presvd., whether or not cont … (200819)

    agriexchange.apeda.gov.in
Employment Opportunities

*Information subject to changes amid the global COVID-19 pandemic.

Currently there are more than 1.3 million foreign workers in Singapore, employed majorly by over 7,000 multinational companies operating in the island state. The region has emerged as a leading centre for hitech innovation and heavy cross-border investment, attracting the best of the global talent.

Research, innovation and enterprise are cornerstones of Singapore’s national strategy. Singapore is investing more in research and development (R&D) in the three areas of digital technology, cell therapy manufacturing, brain studies, ageing and sustainable urban food production, including cultured meat and microbial proteins.

Ethnic Indians constitute about 9.1% or around 350,000 of the resident population of 3.9 million in Singapore. In addition, among the 1.6 million foreigners residing in Singapore, about 21% or around 350,000 are Indian expatriates holding Indian passports, mostly serving in financial services, IT, students, construction and marine sectors. There are about 150,000 Indian migrant workers in Singapore.

More Info: Work passes and permits Immigration & Checkpoints Authority Work Pass Division Foreign Manpower Management Division

    Public and private infrastructure building, maintenance

    Driven by large transport projects, Singapore’s construction sector is estimated to record average growth of around 3.3% over 2019-28, as per Fitch Solutions. Construction of civic infrastructure and connectivity projects has been supported by foreign workers at different levels in Singapore. Distribution and logistics sector also draws foreign manpower.

    Building and Construction AuthorityWork Permit for foreign worker

    Conventional energy, power utilities and renewable energy jobs

    Singapore has emerged as one of Asia’s leading petrochemical and refining centers and oil trading hubs. Energy utilities, from conventional to renewables, in Singapore draw foreign workers with varied capabilities.

    Energy & Chemicals (EDB)Work Permit for foreign worker

    Tax, accounting, banking, insurance, audit and other financial services

    Singapore houses a dense concentration of more than 1,200 financial institutions. A leading destination of retail financial services as well as global tradings in commodities and foreignexchanges. Financial services in Singapore employs large number of expat workers.

    Financial sector in SingaporeWork Permit for foreign worker

    Doctors, nurses, radiologists, lab technicians

    Singapore’s healthcare sector is expected to attain a valuation of around US$44 billion by 2030. Singapore attracts large number of healthcare workers ranging from doctors to nurses and lab technicians.

    Ministry of HealthWork Permit for foreign worker

    Software, hardware, new technology in telecoms and communications

    Singapore’s IT industry was the strongest-performing in the world in 2017, with overall sector growth of 60% from the previous year. The IT and ICT infrastructure in Singapore has been set up and is supported by foreign workers. In the last couple of years, the priority is given to professionals who have skills in the deep technologies like AI, IoT, Industry 4.0 & Machine Learning.

    Information & Communications Technology (EDB)Work Permit for foreign worker

    Automobile to food products production

    Singapore’s manufacturing sector contributes as much as 20% of the annual national GDP. The manufacturing industry in Singapore, covering a range of products, including electronics, biomedical, food processing, chemicals draws foreign manpower. The manufacturing industry in Singapore, covering a range of products, draws foreign manpower.

    Singapore Economic Development BoardWork Permit for foreign worker

priority sectors

Here are the leading sectors of opportunities for foreign investors

Top Import/ Export Items

India's top import from Singapore
  • Commodities: foodstuffs, consumer goods
  • Machinery and equipment
  • Mineral fuels
  • Chemicals
  • Foodstuffs
  • Consumer goods
India's top export to Singapore
  • Petroleum Oil Obtained from Bituminous Minerals
  • Mineral fuels, oils, distillation products
  • Machinery, nuclear reactors, boilers etc
  • Pearls, precious stones, metals, coins etc
  • Plastics and articles
  • Organic chemicals
  • Pharmaceuticals

Bilateral Investors

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