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Business Partner Future Your BUSINESS PARTNER for the FUTURE ANNUAL REPORT 2009/10 Contents CHAIRMAN’S MESSAGE 2 CHIEF EXECUTIVE OFFICER’S MESSAGE 8 SICCI’S ESTABLISHMENT SICCI’s Panel of Advisors 10 SICCI’s Executive Committee 11 SICCI’s Board of Directors (2008-10) 12 SICCI’s Past Presidents/Chairmen 14 SICCI’s Sub-committees (2008-10) 15 SICCI’s Secretariat 16 SICCI’s Representation 17 SICCI AND ITS SERVICES About SICCI 18 SICCI Building 20 SICCI’s Services and Facilities 22 :0**0»Z6MÄJPHS9LWYLZLU[H[P]LPU0UKPH 24 SICCI’S SUBSIDIARIES SICCI’s Trade Match 25 Enterprise Development Centre@SICCI 25 SICCI-Institute of Business 26 ANNUAL REVIEW (APRIL 2009 – MARCH 2010) Events Growth 27 Key Events 28 List of Events 80 SICCI MEMBERSHIP Membership Growth 86 Membership Composition 87 Listing of SICCI Members 88 SICCI IN THE MEDIA 100 Singapore Indian Chamber of Commerce & Industry 1 Chairman’s Message Mr Vijay Iyengar Chairman, Board of Directors 2 Singapore Indian Chamber of Commerce & Industry Chairman’s Message It gives me great pleasure to welcome the members of the Singapore Indian Chamber of Commerce & Industry (SICCI) to the 69th Annual General Meeting (AGM) and present the Board of Directors’ report for the year 2009-10. ;OPZ(.4ZPNUPÄLZ[OLJVTWSL[PVUVM[OPZ)VHYK»Z[^V`LHY[LYT3HZ[`LHY^HZWHY[PJ\SHYS` challenging as Singapore felt the impact of the greatest economic downturn since the Great Depression of the previous century. In spite of the challenges, SICCI continued with its mission of providing relevant platforms for its members to network, develop and expand their businesses, and gain a deeper understanding and appreciation of the business landscapes in Singapore and beyond. 3L[TLÄYZ[WYV]PKLHZ\TTHY`VM[OLTVYLUV[HISLL]LU[ZVYNHUPZLKI`:0**0PU[OLSHZ[ one year: ;OYLLº:0**0*OHTWPVUZVM0UK\Z[Y`+PHSVN\L:LZZPVUZ»^P[O4Y:\UU`=LYNOLZL Chairman, International Enterprise (IE) Singapore, in April 2009; representatives of the Singapore Tripartism Forum in July 2009 with Ministers Mr Lim Swee Say and Mr Gan Kim Yong and Mr Stephen Lee, Chairman, Singapore National Employer Federation; and Mr Ho Kwon Ping, Executive Chairman, Banyan Tree Holdings Limited, in February 2010. 3H\UJOVM[OL:0**00UKPH0U[LYUZOPW7YVNYHTTL:0**0007PU4H` (I\ZPULZZ]PZP[[V[OL0ZRHUKHY4HSH`ZPH,JVUVTPJAVULPU(WYPS HUK1VOVYPU July 2009. )\ZPULZZTPZZPVUZ[V4`HUTHY@HUNVUHUK5H`W`P[H^PU4H` HUK:YP3HURH (Colombo, Kandy and Dambulla) in November 2009. )\ZPULZZTPZZPVU[V5L^+LSOP0UKPHHUKWHY[PJPWH[PVUPU[OLth Pravasi Bharatiya Divas Convention in January 2010. 3H\UJO VM [OL :0**0+): :PUNHWVYL 0UKPHU ,U[YLWYLUL\Y (^HYKZ :0,( campaign in July 2009. 3H\UJO VM [OL :PUNHWVYL 0UKPHU +L]LSVWTLU[ (ZZVJPH[PVU :05+(:0**0 .SVIHS Immersion Programme Scholarship on 27 August 2009. +PHSVN\LZLZZPVUZ^P[O[OL(TIHZZHKVYZHUKVY/PNO*VTTPZZPVULYZ[V:PUNHWVYL of India, the United States of America, China, Hungry, Malaysia and the United 2PUNKVTHZWHY[VM[OLº:0**04LL[[OL(TIHZZHKVYZ:LYPLZ» :0**0»Zth anniversary celebrations and the presentation ceremony for the SICCI- DBS SIEA 2009 and the SICCI-DBS Singapore India Business Award (SIBA) in October 2009. 3H\JOVM[OL:0**0)\ZPULZZ:LTPUHY:LYPLZPU-LIY\HY` (WWVPU[TLU[VM*OPLM,_LJ\[P]L6MÄJLY 4Y/LYUHPRO:PUNOQVPULK[OL*OHTILYHZ*OPLM,_LJ\[P]L6MÄJLYVM:0**0PU1HU\HY` He has more than 20 years of experience in the Singapore government and non-government sectors and the research fraternity. He comes with strong and extremely relevant credentials to push several important initiatives at SICCI, including actively promoting entrepreneurship among the youth, developing relevant business-related publications, and identifying and exploring business potentials in new markets, including second and third tier cities in India. Singapore Indian Chamber of Commerce & Industry 3 Chairman’s Message Membership Growth ([ [OL LUK VM 4HYJO :0**0»ZTLTILYZOPW Z[VVK [V YLÅLJ[PUN HU PTWYLZZP]L NYV^[OVM WLYJLU[V]LY0USPUL^P[OJ\YYLU[LJVUVTPJ[YLUKZ[OLWYVÄSLVM[OL Chamber’s membership base continues to evolve. Today, the trading community constitutes 39 percent of the membership whilst services-related corporations make up 43 percent. At the same time, the percentage of non-Indian-owned corporations has grown to 19 percent of the overall membership. SICCI is increasingly seen as a dynamic institution which has been bridging and cementing economic relations between India and Singapore. The increasing membership base and network of global alliances have created a solid foundation for SICCI’s future growth and activities. Growth of SICCI’s Subsidiaries The Chamber’s three subsidiaries Trade Match, EDC@SICCI and SICCI Institute of Business (IOB) continued to expand on their activities in 2009. SICCI’s Trade Match led business missions to India, Myanmar and Sri Lanka and organised RL` L]LU[Z Z\JO HZ [OL :0**0 º*OHTWPVUZ VM 0UK\Z[Y` +PHSVN\L :LZZPVUZ» HUK [OL th anniversary celebrations and presentation ceremony for the SICCI-DBS SIEA 2009 and the SICCI-DBS SIBA 2009. Since its inception in early 2008, EDC@SICCI has provided consultancy and advisory services to more than 2,400 Singapore-based businesses, particularly in assisting start- up enterprises and guiding small-medium enterprises (SMEs) in their efforts to venture overseas. It has also reached out to approximately 3,000 businesses through its outreach activities. 9LZ\S[PUN MYVT [OL º:4, 5LLKZ :\Y]L`» ^OPJO ^HZ JVUK\J[LK VU [OL 0UKPHU I\ZPULZZ community in mid-2009, the Centre will focus on assistance relating to branding and info- technology communications adoption so as to develop the capability of SMEs. With the support of SPRING Singapore, SICCI has also put in place a roadmap for the continued KL]LSVWTLU[VM[OL*LU[YL^OPJO^PSSPUJS\KLHTVUNV[OLYZ[OL*OHTILY»Zº0UKPH+LZR» which will act as a repository of India-related information and activities. Also established in 2008, SICCI-IOB has expanded its course offerings and organised V]LYZLTPUHYZHUKJV\YZLZPU ;OLZLPUJS\KLK[OLOPNOS`Z\JJLZZM\Sº)LNPUULYZ Business Mandarin’ course and the popular trade documentation seminars. In addition, it has applied to the Workforce Development Agency for the Approved Training Organisation status which will enable it to have its courses approved for the Skill Development Fund (SDF). The Institute has also forged relationships with other educational institutions such as the NTUC Learning Hub to offer additional courses to its members that are eligible for the SDF funding. SICCI-Women’s Indian Network The Chamber’s Women’s Indian Network has also been actively involved in projects such as º7YVQLJ[([OLUH»^P[O:05+(^OPJOPUJS\KLZ^VYRPUN^P[OZPUNSL0UKPHUTV[OLYZ"JLSLIYH[PVU VM[OLº0U[LYUH[PVUHS>VTLU»Z+H`»^P[O5HYWHUP7LHYH]HP"HUK[OLº(KVW[H-HTPS`»WYVQLJ[ with the Tanjong Pagar GRC. I congratulate SICCI-WIN for raising and donating $7,000 [V[OL;HUNSPU*HPYUOPSS****VTT\UP[`+L]LSVWTLU[HUK>LSMHYL-\UKMVY[OLº5LLK` Family Adoption Scheme’ Community Project. SICCI-Youth Committee The Chamber also formed the Youth Committee in 2009. This committee brings together HNYV\WVM`V\UNJOPLML_LJ\[P]LVMÄJLYZ\UKLY[OLHNLVM`LHYZ^OVZ[YVUNS`ILSPL]LPU reaching out to our youth and encouraging them to think out of the box and search actively for opportunities. The Committee organised and conducted talks in the polytechnics and the colleges of the Institute of Technical Education, the inaugural Indian Young Entrepreneurs 4 Singapore Indian Chamber of Commerce & Industry Chairman’s Message Seminar and the Fourth SICCI Youth Enterprise Awards 2009. In 2010, the Committee will organise a series of networking sessions to encourage more young businessmen and WYVMLZZPVUHSZ[VQVPU[OLUL[^VYR0[^PSSHSZVVYNHUPZL[OLÄYZ[PU[LYJOHTILY`V\[OKPHSVN\L session. SICCI-India Internship Programme A key initiative undertaken by the Board last year was the SICCI-IIP. Launched in May 2009, eight Singaporean undergraduates spent 10 to 12 weeks on a professional attachment with reputable companies in India, thereby giving them invaluable exposure to India and its business practices. I thank my fellow board members who sponsored the students’ airfare as well as those who provided internship positions to them in India. SINDA-SICCI Global Immersion Programme Scholarship SICCI and SINDA launched the SINDA-SICCI Global Immersion Programme (GIP) Scholarship for students of Nanyang Technological University (NTU) in August 2009. This scholarship is part of SICCI’s $100,000 pledged donation to SINDA in 2008 to fund programmes and awards that encourage entrepreneurship and business management skills among Indian youths. Students on the GIP in India need to complete a three-week study stint at the Symbiosis International University followed by a 22-week industrial attachment at leading Indian companies. This immersion programme would pave the way for future graduates from NTU to develop and strengthen businesses between Singapore and India. ;OLZ[\K`H^HYK^VY[O: WLYZ[\KLU[^PSSILH^HYKLK[VZP_Z[\KLU[ZVU[OL5;< GIP from 2009-11. Business Mission to India and Participation in the 8th PBD SICCI led a successful business delegation to the 8th PBD 2010 Convention in New Delhi, India, from 7 to 9 January 2010. The event was jointly organised by the Ministry of Overseas 0UKPHU(MMHPYZ0UKPHHUK[OL*VUMLKLYH[PVUVM0UKPHU0UK\Z[Y`;OLTLTILY:PUNHWVYL business delegation joined more than 1,200 delegates from India and across the world for the convention. On behalf of the Chamber, I was invited to speak during the concurrent session on “Returning to 9% Growth: Diaspora Connect”. SICCI also organised a networking session-cum-dinner reception on the sidelines of the 7)+^P[O+Y=P]PHU)HSHRYPZOUHU4PUPZ[LYMVY*VTT\UP[`+L]LSVWTLU[@V\[OHUK:WVY[Z as the Guest-of-Honour. Attended by senior Indian bureaucrats and corporate leaders, and the Singapore business delegates, the session provided the opportunity for the guests to interact with Dr Balakrishnan. At the same time, it allowed the Indian and Singapore sides to discuss the business and investment climates in India in general and in the Indian states in particular.
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