In recent years, Singaporean companies have significantly influenced India’s businesses, capitalising on the country’s burgeoning economy and dynamic market opportunities. These companies, numbering among the top players in various industries, have left an indelible mark on India’s corporate environment. These companies also exert a substantial influence on the real estate market, contributing to India’s economic growth. As Singaporean enterprises expand their operations across India, there is a growing demand for commercial spaces, office buildings and residential properties, driving a surge in real estate development. Here, in this article, we curate a list of top Singaporean companies operating in India.
See also: Top MNC companies in India
Business landscape in India
The Indian business landscape presents both promise and complexity for foreign companies. Boasting a vast consumer market, favourable demographics and ongoing economic reforms, India is an appealing destination. However, success requires adeptly manoeuvring regulatory intricacies, competition and understanding local nuances. Strategic partnerships and adapting to local preferences are vital strategies. Despite challenges, India’s 7% GDP growth rate (forecasted by FY2023), digitisation efforts and pro-business reforms make it a compelling hub for international expansion. With sectors like edtech, biotechnology, e-commerce and renewable energy flourishing, India beckons as a dynamic and rewarding market.
List of top Singapore companies in India
APL Logistics (India)
Industry: Courier, Logistics, Supply Chain, Packaging, Transport
Location: Nehru Nagar, Kanjurmarg East, Mumbai, Maharashtra – 400042
Founded in: 1977
APL Logistics, established in 1977, is a pioneering supply chain service provider headquartered in Mumbai. With a global presence, the company specialises in designing and operating smart integrated supply chains, offering innovative solutions across automotive, consumer, industrial, and retail markets. APL Logistics stands out for its deep customer focus, providing flexible solutions and pioneering visual data analysis techniques.
DBS Bank (India)
Industry: BFSI, Fintech
Location: Nariman Point, Mumbai, Maharashtra – 400021
Founded in: 2003
DBS Bank, a multinational banking and financial services corporation, is a key player in the Indian financial landscape. With a rich history dating back to 2003, DBS Bank is renowned for its seamless and invisible banking experience. Embracing digital technology, DBS offers a wide range of services.
Flextronics Technologies (India)
Industry: Electrical, Electronics, Batteries
Location: Ranz Business Park Campus, 7th Floor, Chennai, Tamil Nadu – 600096
Founded in: 1969
Flextronics Technologies, founded in 1969, is a global electronic manufacturing service and original design manufacturing company. With a strong presence in Chennai, the company focuses on providing end-to-end engineering and manufacturing services to various sectors, including:
- Automotive
- Computing
- Consumer
- Digital
- Industrial
- Mobile OEMs
L&W Construction
Industry: Construction, Infrastructure, Coworking
Location: No.116 Lalbagh Road, Bengaluru, Karnataka – 560027
Founded in: 2006
L&W Construction, a subsidiary of Lee Kim Tah – Woh Hup Pte Ltd from Singapore, has been a prominent name in the Indian construction industry since 2006. L&W Construction prioritises quality, timely delivery, and safety and specialising in:
- Commercial buildings
- IT parks
- High-rise residential
- Buildings
- Townships
- Industrial complexes
Olam Agro (India)
Industry: Food, FMCG, Agriculture, Horticulture, Agritech
Location: Phase II, Cyber City, Gurgaon, Haryana – 122002
Founded in: 1989
Olam Agro, a Fortune Global 500 company, is a leading food and agribusiness giant operating globally. With a strong presence in India, Olam Agro is engaged in trading and processing various agricultural commodities, including:
- Cashew
- Coffee
- Cotton
- Cocoa
- Rice
- Pulses
- Sugar
- Spices
- Timber
Quest Global Engineering Services
Industry: Consulting, Information Technology (IT), Data Analytics, AI, Robotics, IOT, Engineering
Company type: MNC
Location: Candour Tech Space, Tikri, Sector 48, Gurugram – 122018
Founded in: 1997
Quest Global Engineering Services is a global leader in engineering solutions with a diverse portfolio. The company is specialising in:
- Aerospace engines
- Hi-tech
- Industrial
- Media devices
- Aerospace and defence
- Oil and gas
- Transportation
- Power sectors
With a global footprint and a team of over 17,500 employees, Quest Global offers innovative engineering solutions, leveraging digital expertise and industry knowledge.
STT Global Data Centres (India)
Industry: Information Technology (IT), Data Analytics, AI, Robotics, IoT
Location: Bandra Kurla Complex, Mumbai, Maharashtra -400 098
Founded: 2004
STT Global Data Centres, a strategic investor headquartered in Singapore, is a pioneering data centre service provider. With a focus on operational excellence and innovative digital solutions, STT Global Data Centres offers purpose-built data centres, colocation, connectivity, and support services. The company’s commitment to powering a sustainable digital future and providing reliable, scalable data centre solutions has positioned it as a leader in the industry.
Singtel Global (India)
Industry: Telecommunication, Mobile
Location: Barakhamba Road, New Delhi – 110 001
Founded in: 1879
Singtel Global, a telecommunications powerhouse, is a leading player in the Indian telecom sector. Singtel serves individual customers and corporate clients with a robust network and a wide range of services, including:
- Internet protocol
- Virtual private networks
- Managed services
United Overseas Bank
Industry: BFSI, Fintech
Location: Bandra-Kurla Complex, Mumbai, Maharashtra – 400 051
Founded in: 1935
United Overseas Bank, commonly known as UOB, is a Singapore-based bank with a global presence. UOB provides an extensive range of financial services, including:
- Personal financial services
- Wealth management
- Private banking
- Corporate banking, and more
With operations in 19 markets across Asia Pacific, Europe and North America, UOB is a key player in the global banking and financial services sector.
Commercial real estate demand in India
Office space: The influx of Singapore companies in India has sparked a surging demand for modern, spacious office spaces. This growing need has prompted a noteworthy transformation in India’s commercial real estate sector, ushering in contemporary office complexes and vibrant business hubs across the country.
Rental property: The presence of Singaporean companies has breathed new life into the rental property market in India. Property owners are reaping the rewards of sustained demand for commercial spaces, leading to competitive rental rates and enhanced property values.
With Singaporean companies firmly establishing their roots in India, the local real estate landscape is undergoing a profound shift. It’s adapting to cater to their specific needs, thereby contributing substantially to India’s economic growth.
Impact of Singapore companies on India
Singaporean companies have significantly impacted India’s businesses, drawn by the country’s flourishing market opportunities. Singaporean businesses have actively contributed to this vibrant ecosystem. Their presence has not only bolstered economic ties between the two nations but has also infused innovation and expertise in various sectors. These collaborations create employment opportunities and foster a spirit of entrepreneurship, enriching both nations’ economic landscapes. Singaporean companies play a pivotal role in India’s growth story, fostering strong partnerships and driving economic progress.
FAQs
What industries do Singaporean companies in India primarily operate in?
Singaporean companies in India are active in various industries, including: Logistics Banking Electronics manufacturing Construction Agribusiness Engineering services Data centres Telecommunications
What are some key sectors in India that are experiencing growth and attracting Singaporean businesses?
Sectors like EdTech, Biotechnology, E-commerce, and Renewable Energy are flourishing in India, making it an appealing market for Singaporean companies.
What is the significance of Singapore-India trade relations?
Singapore is one of India’s top trading partners in Southeast Asia, fostering strong economic ties.
Are there any notable Singaporean companies in the Indian tech industry?
Yes, companies like— STT Global Data Centres, Quest Global Engineering Services, and Flextronics Technologies have a significant presence in India’s tech sector.
How do Singaporean companies contribute to India’s economic growth?
Singaporean companies create jobs, boost exports, and promote technology transfer, contributing to India's economic development.
What challenges do Singaporean companies face when entering the Indian market?
Singaporean companies entering India must navigate regulatory complexities and competition and adapt to local preferences while capitalising on the vast consumer market.
What are the prospects for Singapore-India business relations?
Business ties are expected to strengthen further, with both countries exploring new opportunities in various sectors.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
