Singapore industrial and technology park group Ascendas Pte Ltd is in discussions with its Japanese partners to jointly invest in China, India and Vietnam, the President and CEO, Ms Chong Siak Ching, said here today.
“Our Japanese partners have a keen interest in investing outside Japan,” Ms Chong said after opening the inaugural Ascendas Investors Day 2011 conference.
Responding to a question from PTI, she said the Japanese partners have expressed a strong interest in investing in India.
Ascendas has been discussing potential investments in India for the past one year, Ms Chong said, adding that the Japanese corporations were already Ascendas clients in some of its six tech parks in India.
Ascendas’ 10-year-old office in Japan has been exploring various investment opportunities abroad with the Japanese partners.
Elaborating on new investments in India, Ms Chong said the current focus would be on Ascendas six international tech parks — two each in Chennai and Hyderabad and one each in Bangalore and Pune.
It also has a Singapore-listed Indian property trust, Ascendas India Trust, which has the primary objective of owning real estate in India.
Ascendas has similar investments and properties across Asia, including China and Vietnam.
Meanwhile, some 300 delegates attended the inaugural Ascendas Investors’ Day conference, where regional experts gave insights into future investments in the Asian region.
The two-day conference was opened by Singapore’s second Trade and Industry Minister, Mr S. Iswaran, who said the vicissitudes of the current global economic climate were an understandable cause for concern for investors.