Singapore and India committed to address climate change, says President Halimah & More News Here

Singapore and India are making concerted efforts to address the climate change disaster of their respective nations and are committed to scale back carbon output, President Halimah Yacob instructed the Indian enterprise group right here on Thursday.

”One space we will collaborate on is the inexperienced economic system. Both India and Singapore are making concerted efforts to address the climate change disaster in our respective nations and are committed to scale back our carbon outputs,” she instructed some members of the newly fashioned Federation of Singapore Indian Organisations (FSIO) – an umbrella physique of 26 Indian organisations beneath the auspices of the Singapore Indian Chamber of Commerce and Industry (SICCI).

Singapore launched its Green Plan 2030 in February final yr whereas Indian Prime Minister Narendra Modi pledged to minimize the nation’s emissions to web zero by 2070 on the COP26 climate talks final yr. The plan cuts throughout numerous sectors of society resembling infrastructural growth, and analysis and innovation.

Halimah added that Singapore and India can cooperate on upstream initiatives to speed up analysis, growth, and deployment of sustainable and low-carbon tech options.

This can be completed via a memorandum of understanding on cooperation in science, know-how and innovation that was signed between the 2 nations in February, she famous.

”Another space the place personal sector-led initiatives can create win-win options for each our firms and folks is within the digital economic system, the place India and Singapore can companion to construct digitally inclusive communities,” stated Halimah.

For instance, the Monetary Authority of Singapore and the Reserve Bank of India introduced plans final September to hyperlink Singapore’s PayNow system – which lets people switch cash utilizing only a cell quantity – with India’s real-time fee system the Unified Payments Interface.

”SICCI-FSIO can advocate business transformation, the adoption of digital applied sciences, and develop consciousness of rising areas of collaboration between Singapore and India,” she stated.

The President highlighted that when the pandemic hit India, the enterprise chamber additionally partnered the Little India Shopkeepers and Heritage Association to increase greater than SGD1 million (USD 720,00), and mobilised its community to ship important medical provides in response to the humanitarian disaster within the South Asian nation.

Meanwhile, she stated the newly fashioned group of Indian organisations, FSIO, will interact youths with actions that encourage sharing of latest concepts and experience between folks from completely different backgrounds.

The FSIO is an umbrella physique of 26 Indian organisations beneath the auspices of SICCI and was fashioned in October 2021.

It goals to be a collective voice of Indian organisations in response to points like pandemic-induced challenges, encourage networking via numerous group occasions, and assist companies in areas like digitalisation.

Halimah famous that SICCI’s efforts to interact youth embody Catalyse 2020, a six-month initiative it organised along with 4 youth organisations – Narpani Pearavai Youth, Sinda Youth Club, Tamil Representative Council Youth Wing and Young Sikh Association – to encourage social entrepreneurship amongst round 150 younger folks.

”I’m positive that with the FSIO member organisations working collectively, there will likely be extra of such fascinating and significant initiatives to deliver collectively and develop the Indian youth group,” she stated at a gala dinner held by SICCI and FSIO.

Halimah careworn that commerce associations and chambers just like the SICCI have been essential advocates for companies and business transformation, and their position is very essential within the present enterprise climate.

(This story has not been edited by Devdiscourse employees and is auto-generated from a syndicated feed.)

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