2015: Singapore outsources army to India
In a landmark defence agreement , the Singapore Government has decided to outsource its defence requirements to India in a 5 year deal. This marks a high point of a co-operation process started in the mid 2000s where India started giving greater access to Singapore's investment entities and banks to India. Today DBS is the largest bank in India after having gobbled ICICI Bank and a host of others. Temasek has assets worth over $ 100 bn under management.
Speaking on the occasion the charismatic Prime Minister of India Rahul Gandhi waxed "This contract breaks new ground in sealing India's position as the number one outsourcing destination of the world. Today 75% of financial transactions of the world are processed in India. This power which enabled us to secure a permanent Security Council seat is being leveraged further to provide both benefits of scale and technological prowess to countries who now believe that maintaining armies is no longer a core competence for nations in this new world economy where capital, ideas and talent flow seamlessly. We have set ambitious targets to scale up this new outsourcing model."
The Premier of Singapore said " Singapore is now such a melting point of cultures driven by commerce, that the concept of nation state and what it stands for is nebolous and susrprisingly irrelevant. Over the last few years we faced immense problems in recruiting and maintaining our army. This model is a step in the right direction."
posted by Jayesh @ 3:39 AM
3 comments
3 Comments:
I dont think Singapore is a cultural melting pot. To me it seems overtly Chinese. Its a nice tourist catching net though...Mumbai should also have a synagogue, church, temple, mosque, pantheon built along with joy-rides in an island called Mumbosa and take that claim..There must be anyways a lot more Bangladeshis in Mumbai than Malays and Indians together in Singapore..
A lot of Singapore's defence is already sort of "outsourced" - with some naval installations, airforce hangars and training centers being located out of SG. So, it wont be such a novel thing for them to outsource their defence requirements to India.
In 10 years time, I sure hope India will more than the world's outsource destination.
About Shivaji's comment, Singapore is indeed a cultural melting pot. Spend a few hours walking through Singapore's CBD - you will see people from many nationalities working there. Look around you in any shopping mall in SG - sure, there will be more Chinese than other races - but there are definitely enough people from all over the place - whether the cultures are melting or not, is a different matter.
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