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http://bignews.biz/?id=901014&keys=
Indian nationals in Singapore on the rise, Says Singapore Company formation
Aug 03,2010 - According to the Indian Embassy, there are currently 400,000 Indian nationals living and working in Singapore, up from 200,000 two years ago. Indian nationals make up almost 25 per cent of the 1.79 million foreigners and permanent residents (PR) who currently live here.
?Many Indian nationals are work permit holders with jobs in construction or marine sectors although a rising number are professionals,? said Mr Bernard Menon, centre manager of the Migrant Workers Centre, a non-governmental organisation that helps foreign workers living in Singapore on employment-related issues.
Mr Vasanth Kumar, the Indian Embassy?s first secretary agrees: ?Industries such as engineering, information technology and finance are among the areas where Indian nationals are making a name for themselves.?
A large number of them are also embracing the entrepreneurial spirit as the Singapore Indian Chamber of Commerce and Industry (SICCI) are seeing rising figures when it comes to the number of companies owned by Indian expatriates - from 1,500 in 2006 to 3,000 today. rikvin Services, a professional firm that specialises in Singapore company incorporation, also saw a significant rise in Indian nationals who wish to incorporate a company in Singapore.
An SICCI spokesperson said the businesses are mainly from information technology, finance, trading, food and beverage. There is also a growing demand for businesses and services that cater to Indians, such as the Global Indian International School, which now has 4,000 students.
Four years ago, the school only had a quarter of its current students, of whom 90 per cent of them are Indian nationals.
Mr Rajakumar Chandra, chairman of the Little India Shopkeepers and Heritage Association, added that Little India saw a 20 per cent increase in grocery shops and restaurants in the past decade.
SICCI and the Indian Women?s Association said that Singapore is becoming the ideal destination among Indian immigrants because of the country?s low crime rate, pro-business, and family-friendly environment. It is also just a short flight from India.
?A large population of the Indian immigrants here come from Tamil Nadu because Tamil is an official language here. This gives them a stronger connection to Singapore and makes them feel more at home,? said Mr Nikhilesh Gupta, president of the Bengali Association Singapore.
Indian nationals have also boosted the game of cricket in Singapore with 90 teams currently in the Singapore cricket Association?s domestic league. There were only 36 teams in 2007.
?Many of the new teams are formed by Indian expats,? said Mr Dharminchand Mulewa, the association?s general manager. Stumps have become a regular sighting on playing fields all over the island during weekends.
There are also Indian nationals such as Mr Nikhil Engineer, who found their way here after leaving India for other countries.
Mr Engineer, 34, chose to leave London with his family two years ago to work in Singapore because he believes it is a good place to raise his two young children. Living in Singapore also means his family can be nearer to relatives in India.
?It is the easiest place to settle down in; everything is straightforward,? said the vice-president of product control at Credit Suisse, who plans to stay here permanently.
?It would be tough to adjust to another place because Singapore tends to spoil you.?
The Immigration and Checkpoints Authority does not give a detailed analysis on the number of foreign individuals here by nationality. However, National University of Singapore sociologist Gavin Jones believes that Chinese, Indians, Malaysians, Indonesians, Filipinos and Bangladeshis nationals form the largest groups of PRs here.
Most new PRs in recent years have come from Asian countries, and it is generally accepted that the Chinese, Indians and the Malaysians are prominent among these,? said Professor Jones, who researches on population and development issues.
According to the Indian Embassy, there are currently 400,000 Indian nationals living and working in Singapore, up from 200,000 two years ago. |
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