Illustrative image (Source: Internet) Hanoi (VNA) – Indian business leaders have called on Singapore tocooperate in Artificial Intelligence (AI) in such areas as smart cities, 5G,electronic manufacturing, infrastructure and disseminating social issues inhealth and education.
Meanwhile, Singaporean business leaders called for reductionin tax rates under the Singapore-India Tax Treaty from the current 5 percent to10 percent, or even 7.5 percent.
These proposals came following the signing of a JointIntention Document as part of the first Singapore-India CEOs Forum held onNovember 14, reported the Press Trust of India (PTI).
The document, signed by Former President of the Federationof Indian Chambers of Commerce and Industry Harshavardhan Neotia and Chairmanof Singapore Business Federation’s South Asia Business Group Gautam Banerjee,aims to double bilateral investments to 250 billion USD in the next fiveyears.-VNA
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