Rostec became the general partner of the business mission to Singapore

Within the framework of the event the products of the State Corporation were presented, a number of cooperation agreements were signed

Rostec became the general partner of the business mission to Singapore

At the meeting of the Russian-Singapore high-level intergovernmental commission held on November 25, cooperation between the Russian and Singaporean companies was discussed and the results of the work done in 2016 were summed up. Shortly before the meeting, the business mission of the Russian entrepreneurs and industrial enterprises was held, Rostec being its general partner.

It should be recalled that 2016 was announced the Russia-ASEAN bilateral year of culture and the year of Moscow in Singapore. This was one of the causes for activating multilateral cooperation between the countries.

In particular, five teams of the heads of the Russian regions were trained at the Singaporean higher schools, organizations and enterprises. It contributed not only to the perception of Singapore's positive experience in infrastructure development, economic development, but also to the establishment of direct contacts with the heads of Singaporean enterprises and departments.

In addition, during the period from November 22 to 27, a business mission of the Russian entrepreneurs and industrial enterprises was held, Rostec being its general partner, and the Russian Helicopters - the sponsor. In addition to representatives of industrial enterprises, banking and logistics companies, representatives of the Moscow government, the administration of Tatarstan and of some other Russian regions also participated in the mission. As part of the event, about 20 Singaporean organizations and enterprises were visited, and a number of contracts and cooperation agreements were signed.

Civilian products of the leading enterprises of Rostec and a number of other companies, innovative solutions in the sphere of energy efficiency, automation and infrastructural security were presented to the Singapore side. The products and technologies of the Russian Helicopters, High Precision Complexes, SIBER as well as the export-import trading B2B platform RSTrade developed by the managing company of the Russian-Singapore Business Council aroused special interest among the participants of the meeting.

It operates in three languages: Russian, English and Indonesian. Integration with banks for making payments was accomplished. The logistic calculator allows calculating the cost of delivery and other services. In the next two years, it is planned to translate the platform into several eastern languages.

In his presentation at the plenary session, Deputy General Director of Rostec, Chairman of the Russian-Singapore Business Council, Nikolai Volobuev, noted that the Board and the RSTrade platform act as a point of constant presence of the Russian business in Singapore and the Singaporean business in Russia.

During the business mission, representatives of Rostec held negotiations with the management of the Business School of the National University of Singapore which is among the top 20 universities. An agreement was reached on the implementation in 2017 of the joint training programs with the leading Russian universities for training specialists of the two countries.

At the seventh meeting of the Russian-Singapore High-Level Intergovernmental Commission, the initiative of the Russian-Singapore Business Council on the creation of an electronic platform was also approved, which will contribute to the expansion of bilateral trade between Russia and Singapore.

In addition, it was proposed to strengthen cooperation in the sphere of integrated security of megapolicies, provision of urban amenities and housing maintenance and utilities, «e-government».

The parties also supported the initiatives of a number of Russian companies including the work of SIBER and ST Electronics on implementation of the pilot project for testing the AgilFence system at Rostec facilities.

The interest of the Helicopters of Russia in establishing bilateral cooperation in the sphere of deliveries and after-sales services of civil helicopter equipment was supported. The possibilities of Irkut Corporation were also considered: delivery of passenger MS-21 and training Yak-152 to Singapore as well as the manufacture of components and aircraft maintenance in Singapore.

At the same time, agreements were reached on intensifying the cooperation in the field of information and communication technologies and exchanging the experience and knowledge in the implementation and use of “e-government” technologies and the technologies of the «ntelligent nation/city» and intensifying the interaction between the scientific and educational organizations and business communities including that in the format of bilateral conferences and exhibitions.

The Russian-Singapore Business Council was established in 2009 on the initiative of the Chamber of Commerce and Industry of Russia with support of the Ministry of Economic Development of Russia and Rostec. Long-time Chairman is Deputy General Director of the State Corporation Nikolay Volobuev.

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