March 26, 2012
Tata Capital and EDB sign an MoU to promote investment in Singapore
Singapore: Tata Capital Pte Limited (TCPL) and the Economic Development Board (EDB) of Singapore signed a memorandum of understanding (MoU) to leverage each other’s strengths, reach out to companies in various countries, specifically India, and explore business opportunities in Singapore. Present on the occasion were Lee Eng Keat, director, Singapore Welcome Centre for Corporates, and international director, Asia Pacific, and Praveen Kadle, managing director and CEO, Tata Capital.
TCPL, a wholly-owned subsidiary of Tata Capital and part of the Tata group, the largest business group in India, is fully committed to long-term growth in Singapore, and considers it to be a key destination for its operations. Earlier last year, Tata Capital upgraded its Singapore division to be its international headquarters.
The MoU is in recognition of Tata Capital’s extensive relationships with small, medium and large companies in India. It aims to bolster investments in Singapore by supporting the efforts of Indian companies looking to expand their operations overseas. Under the MoU, TCPL will facilitate collaboration and information exchange between companies and EDB, and offer relevant strategic advice and financial solutions.