Start of business mission to Singapore
On the first day of the business mission to the Republic of Singapore a working meeting of the executive structure of Russia-Singapore Business Council with the Commission for economic development (Economic Development Board, EDB) was held. LLC RSTradehouse met with the head of the Transport engineering unit Management responsible for the development of aerospace industries.
The Commission is responsible for strategy formulation of attracting foreign companies to the country and exploiting Singapore status as one of the most attractive economic centers of the world through support of international companies doing business in Singapore as well as through assistance to the major Singapore enterprises focused on the development of commercial relations with foreign organizations. EDB is a key entry point organization for any foreign company planning to enter the Singapore market.
In the course of negotiations Singapore partners presented the current state of the industry, its economic potential, production and engineering structure, the development strategy of medium – and long-term (up to 2050) perspective in the context of the development for the entire region of South-East Asia. The possibilities for joint activities of Russian aerospace companies with Singapore companies and offices of the largest international
corporations in the business were discussed.
LLC RSTradehouse presented a number of projectsof Russian high-tech companies, their product lines, potential interests with an emphasis on possible cooperation, including sales, production, maintenance, engineering and training specialists. The projects attracted a great interest among Singapore partners.
Also the e-platform RSTrade(www.rstradehouse.com) was presented to the Singapore side as a tool of bilateral cooperation, supported by the decision of the Intergovernmental Russian-Singapore Commission of high level.
It was agreed to expand cooperation in the framework of joint projects of LLC RSTradehouse and EDB, aimed at intensification of the relations between Russian and Singapore business, primarily in the aerospace industry.
On 20th and 21th of February in addition to theprogramme of a visit EDB management proposed to organize a meeting of Russian delegation members with the representatives of the Singapore aviation industry of at the venue of Singapore Polytechnic and Temasek Polytechnic ST-Airspace and engineering centers.
For reference: in the framework of the business mission to Singapore LLC RSTradehouse represents the following Russian companies: Russian Helicopters JSC, Air-navigation and Information Technologies JSC, United Engine Corporation JSC, LLC BG-Optics, The State Scientific Research Institute of Civil Aviation GosNII GA, Concern Radio-Electronic Technologies JSC (KRET), YSAR+ JSC, Concern Avtomatika JSC, Roscongress Foundation and the managing company of Pulkovo airport LLC Northern Capital Gateway Consortium.