Improving business climate a draw for S'pore firms

The IMF last week predicted a 12.5% annual growth for India in 2021, the fastest among major economies and the only one set to register a double-digit growth rate. The Straits Times' India Bureau Chief looks at opportunities and challenges ahead.

Employees at the Chennai office of Crayon Data, a Singapore data and AI firm which has been in India since 2013. PHOTO: CRAYON DATA Clearpack CEO Govind Bhandari says that while he wishes India had better infrastructure, the government is already mak
Employees at the Chennai office of Crayon Data, a Singapore data and AI firm which has been in India since 2013. PHOTO: CRAYON DATA
Employees at the Chennai office of Crayon Data, a Singapore data and AI firm which has been in India since 2013. PHOTO: CRAYON DATA Clearpack CEO Govind Bhandari says that while he wishes India had better infrastructure, the government is already mak
Clearpack CEO Govind Bhandari says that while he wishes India had better infrastructure, the government is already making improvements in that area. PHOTO: CLEARPACK

NEW DELHI • At a time when most firms are putting expansion plans on hold, Crayon Data, a company founded in Singapore, is looking to ramp up its presence over the next four years and hire people in sales and business development.

The data and artificial intelligence (AI) firm, which has been in India since 2013, sees huge potential in India, citing its " young population, with two-thirds below the age of 35 and a high penetration of digitally savvy consumers".

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A version of this article appeared in the print edition of The Straits Times on April 13, 2021, with the headline 'Improving business climate a draw for S'pore firms'. Subscribe