Singapore to set up more Global Innovation Alliance nodes in India
SMART CITIES

Singapore to set up more Global Innovation Alliance nodes in India

Singapore plans to set up more Global Innovation Alliance (GIA) nodes like the Bengaluru one in more cities across India.

The Alliance would enable start-ups to develop their businesses to GIA cities worldwide by connecting to mentor networks and appropriate ecosystem players by benefiting from Singaporean tech firms, including small and medium-sized enterprises (SMEs).

S Iswaran, Singaporean Minister for transport and minister-in-charge of trade relations, told the media while addressing the 28th edition of the Department of Science & Technology-Confederation of Indian Industry (DST-CII) India-Singapore Technology Summit, GIA aims to strengthen connections of Singapore to prominent innovation hubs across the globe by making an exchange of knowledge and ideas to promote innovation.

Iswaran informed that compared to 2020, bilateral trade between India and Singapore increased to 35% in 2021, from $19.8 billion to $26.8 billion.

He also mentioned three essential areas of future cooperation like the D-Tech utilising artificial intelligence (AI) for Smart cities, joint projects on genome and bioinformatics research, and Clean-Tech for carbon mitigating technologies in aviation and transport industries.

Apart from Bengaluru, the cities currently in the GIA network include Paris, Berlin, Munich, Jakarta, Tokyo, Bangkok, Beijing, Shanghai, Ho Chi Minh City and San Francisco.

S Chandrasekhar, secretary, Department of Science and Technology (DST), told the media that India took many missions on innovation right from the school level to explore further opportunities.

He said that innovations include a high risk for investments. However, rewards are also quite high in this industry.

Image Source

Also read: LGSF system and its application in residential building construction

Singapore plans to set up more Global Innovation Alliance (GIA) nodes like the Bengaluru one in more cities across India. The Alliance would enable start-ups to develop their businesses to GIA cities worldwide by connecting to mentor networks and appropriate ecosystem players by benefiting from Singaporean tech firms, including small and medium-sized enterprises (SMEs). S Iswaran, Singaporean Minister for transport and minister-in-charge of trade relations, told the media while addressing the 28th edition of the Department of Science & Technology-Confederation of Indian Industry (DST-CII) India-Singapore Technology Summit, GIA aims to strengthen connections of Singapore to prominent innovation hubs across the globe by making an exchange of knowledge and ideas to promote innovation. Iswaran informed that compared to 2020, bilateral trade between India and Singapore increased to 35% in 2021, from $19.8 billion to $26.8 billion. He also mentioned three essential areas of future cooperation like the D-Tech utilising artificial intelligence (AI) for Smart cities, joint projects on genome and bioinformatics research, and Clean-Tech for carbon mitigating technologies in aviation and transport industries. Apart from Bengaluru, the cities currently in the GIA network include Paris, Berlin, Munich, Jakarta, Tokyo, Bangkok, Beijing, Shanghai, Ho Chi Minh City and San Francisco. S Chandrasekhar, secretary, Department of Science and Technology (DST), told the media that India took many missions on innovation right from the school level to explore further opportunities. He said that innovations include a high risk for investments. However, rewards are also quite high in this industry. Image Source Also read: LGSF system and its application in residential building construction

Next Story
Real Estate

What Industry Wants!

Real EstatePain PointsLimited access to finance and liquidityVolatility in raw material pricesLow tax deduction limits on housing loan interestComplex approval processesInadequate PMAY house value capInsufficient support for affordable housing developmentLack of incentives for green-certified buildingsHigh financial burden on homebuyers due to interest ratesLimited affordability for economically weaker sections and middle-income groupsLack of infrastructure and green building initiativesWishlistRationalize GST on under-construction propertiesGrant infrastructure status to real estateIntroduce ..

Next Story
Infrastructure Urban

CASE India Launches Project Milaap for Devotee Safety at Kumbh Mela

CASE Construction Equipment, a brand of CNH, launches Project Milaap, a groundbreaking Corporate Social Responsibility (CSR) initiative aimed at ensuring the safety of millions of devotees attending the Kumbh Mela 2025 in Prayagraj. The initiative was officially flagged off in the presence of CSR committee Emre Karazli, VP-Construction Segment, CNH APAC, Shalabh Chaturvedi, Managing Director, CASE India & SAARC, Satendra Tiwari, Executive Director – Operations, Mr. Puneet Vidyarthi, Head of Brand Marketing, APAC along with representatives from the company. With an expected footfall of over ..

Next Story
Infrastructure Energy

CleanMax Announces Financing for Onsite Solar Projects in UAE

CleanMax, one of Asia's leading renewable energy providers for the Commercial and Industrial (C&I) sector and a Brookfield-backed company, announced that it will obtain AED 99 Million (USD 27 Million) long term credit facility from HSBC to develop and finance its onsite solar portfolio in the UAE. The facility will cover 92 onsite solar assets, located on industrial facilities, malls, schools and universities. The financing arrangement also provides an uncommitted accordion of AED 37 Million (USD 10 Million) for development of future projects, in alignment with UAE’s Net Zero 2050 Strategy. ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000