Published 11:25 IST, May 11th 2024

Singapore PM Praises Indian Institute Graduates' Talent Contribution

Lee highlighted Singapore's ongoing need to attract foreign talent to meet its labour demands

Reported by: Business Desk
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1. Singapore | Image: Unsplash
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India’s talent pool: Singapore's Prime Minister, Lee Hsien Loong, commends significant role played by gruates from India's prestigious institutions, Indian Institutes of Technology (IIT) and Indian Institutes of Management (IIM), in bolstering nation's talent reservoir. In a recent interview with Channel News Asia, Lee emphasised calibre of se alumni, equating ir entry to Singapore's workforce with gaining mission to esteemed institutions like MIT, Stanford, or Harvard.

Lee highlighted Singapore's ongoing need to attract foreign talent to meet its labour demands, highlighting contributions of professionals from IITs and IIMs who have established associations within Singapore. Despite concerns about influx of foreign workers, particularly from India and or Souast Asian nations, Lee stressed ir value to Singapore's economy and emphasised necessity of integrating m effectively into country's multicultural fabric.

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interview delved into Lee's reflections on his 20-year tenure as prime minister, touching on complexities of managing social cohesion amidst immigration pressures. Lee acknowledged Singaporeans' apprehensions regarding social impact of foreign arrivals but emphasised necessity of certain foreign workers, particularly in sectors like construction and healthcare where local demand outstrips supply.

Lee emphasised importance of maintaining Singapore's identity and social norms while integrating foreign talent in a controlled manner that complements local professionals. As Singapore grapples with an ageing population and labour shortages, Lee emphasised value of tapping into older workers' skills and apting job roles to accommodate ir evolving needs.

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With PTI Inputs

11:25 IST, May 11th 2024