The holding signed an agreement with Singapore company Progression Pte. Ltd. and the Russia-Singapore Business Council (RSBC)

Being a State Corporation Rostec affiliate, the holding company Shvabe has concluded a trilateral agreement on cooperation in the field of promoting national high tech in the Southeast Asia market. The agreement was signed by the Shvabe holding, Singapore company Progression Pte. Ltd. and Russia-Singapore Business Council (RSBC).

The signing of the agreement took place in the framework of the annual business forum "Russia-Singapore Business Dialogue". The parties agreed on cooperating and interacting with the Center for Promoting Russian high-tech companies overseas and Presenting investment projects founded on the basis of Progression Pte. Ltd. State Corporation Rostec took part in the Russian-Singapore Business Dialogue forum as a general partner. The Russian delegation was headed by Nikolai Volobuev, Rostec Deputy General Manager and Alexey Gruzdev, Deputy Minister for Economic Development.

It is worth noting that Rostec-supported Russian-Singapore Business Council founded in 2017 in Singapore a Center for Promoting of Russian Technologies overseas and presenting investment projects. It was inaugurated in December 2017 during Rostec General Manager Sergei Chemezov’s visit to Singapore. As of 2018, three cluster expositions with the participation of Schwabe in the Pharmaceuticals and Medicine section are to be organized on the center site. They will be accessible to the public in April, May and from August through October.

The holding delegation also took part in the plenary session of the Russian-Singapore Business Dialogue forum dedicated to the Russia - Singapore interaction in the field of innovation and digital technologies pertaining to healthcare, smart city management, investment cooperation of countries and other topics.