Singapore wants more flights to India
According to The High Commission of India in Singapore, there are currently 422 weekly flights between Singapore and India. Singapore's Changi International Airport is also linked to 12 cities in India through eight airlines. For the year ending April 2013, the number of passengers moving between Singapore and India registered 3.06 million.
The agreement with ASEAN will expand India and Singapore's existing air services MOU with India. The revised MOU, which has been revised on April 2, 2013, increased the seating capacity between the two countries by approximately 10%, allowing Indian carriers to operate 29,400 passenger seats to Singapore per week, while Singapore carriers fly 28,700 passenger seats per week to India.
"India stands to benefit from a closer engagement with the rest of ASEAN by opening up air connectivity to the group's members. More flights and better connectivity to various locations means business people and tourists will travel more. In turn, more business and investment activity will emerge," said Satish Bakhda, Head of Operations at Rikvin company.
In April 2013, Singapore has emerged as the second largest investor in India, contributing $20,75 million or 10.6% of its total FDI. Between April 2000 and February 2013, India received $19.136 billion in FDI from Singapore. ■