Tuesday, September 17, 2019

STB unveils over 60 lifestyle experiences to entice Indian business groups to Singapore

STB unveils over 60 lifestyle experiences to entice Indian business groups to Singapore

STB unveils over 60 lifestyle experiences to entice Indian business groups to Singapore
Rewards programme “INSPIRE”, building on the success of previous editions in India, will continue presenting Singapore as a competitive MICE destination

India, 16 September 2019 – The Singapore Tourism Board has launched a new version of the In Singapore Incentives & Rewards (INSPIRE), an incentive programme to attract more visitors from the growing Meetings, Incentives, Conventions and Exhibitions (MICE) sector.

In partnership with 29 local Singapore businesses, Global INSPIRE offers a selection of over 60 complimentary experiences that qualified MICE groups visiting Singapore can enjoy.

Building on the success of previous INSPIRE editions INSPIRE was a collaboration between STB and tourism experience providers in Singapore to develop and showcase specially-customised Singapore experiences to meetings and incentive groups. Through INSPIRE, groups that qualify for support could pre-select tourism experiences to be included in their itineraries, which in turn enabled STB to influence their decisions when choosing destinations. Such experiences included visits to Sentosa, Mount Faber, Gardens by the Bay, Wildlife Reserves Singapore, the Singapore Flyer, as well as unique experiences such as dragon boat team-building.

The new Global INSPIRE incentive programme serves up a wider range of specially designed experiences for MICE groups, catering to small and mid-size groups from all parts of the world. Specially created by passionate experts and mavens in various fields, these experiences are designed to delight and thrill visitors to Singapore. Global INSPIRE offers 63 unique experiences under four broad categories, namely: Singapore’s dining, entertainment and nightlife, thematic tours and learning experiences, tailored attraction-based experiences and distinctive teambuilding activities.
“India is one of Singapore’s key source markets for MICE groups.  The previous INSPIRE programme worked well in India as a marketing tool to convince corporates and travel agents to choose Singapore for their incentive trips.  We continue to be creative and keep abreast of the needs of MICE groups in order to stay competitive.  The new Global INSPIRE has a diverse selection of group experiences tailored to the MICE visitors’ profile in mind.  We are confident that this enhanced program will enable us to further secure a good pipeline of incentive groups from India,” said Mr GB Srithar, STB’s Regional Director for India, Middle East and South Asia. The previous INSPIRE programme, which ran between 2014 and 2018, had supported close to 50 groups from India, involving about 7,000 participants.
India was Singapore’s third-largest source market of visitors in 2018. The city-state received 1.4 million visitor arrivals (13% year-on-year growth) from India. India was also Singapore’s top cruise market in 2018, bringing in 160,000 passengers, marking a 27% increase from 2017.



“Responding to the popular demand for incentive trips on-board cruises, the Global INSPIRE programme will benefit groups who have a stayover programme in Singapore before or after their cruising itinerary. This new feature of the INSPIRE programme will help to sharpen our marketing efforts. With the support of our travel trade partners, we seek to reach out to a wider corporate audience and help entice their incentive group travels to Singapore,” added Mr Srithar.

Examples of experiences and activities supported under the improved INSPIRE

Some specific examples include visitors getting to create bespoke cocktails using herbs and spices found in Singapore, right in the heart of a UNESCO World Heritage site, the Botanic Gardens. Or groups keen on discovering Singapore’s Silicon Valley can get to enjoy an insider’s tour of the One North vicinity, with exclusive fireside sharing sessions by founders and start-ups of successful businesses. And for those visitors who wish to immerse themselves in Singapore’s famed greenery, there is a private after-hours Garden Rhapsody show at Gardens by the Bay, complete with unrivalled city night views from the OCBC Skyway.

Singapore’s BTMICE performance continues to shine

The global launch of INSPIRE comes on the back of a strong performance of BTMICE visitors to Singapore. In 2018, Singapore welcomed over 2.9 million BTMICE visitors, a growth of 12.1 per cent from 2017. Tourism receipts rose 7.2% to reach S$4.68 billion in 2018, compared to the same period in 2017.Singapore’s BTMICE landscape continues to grow from strength to strength, with the city state set to host notable events and meetings such as Vidcon Asia, Home Delivery Asia, Deloitte All Hands Meeting and Bentley Systems Year in Infrastructure Conference in 2019. Vidcon is the largest event for the global community of online content creators and will host the inaugural Asia edition of the show in Singapore.

Applications for INSPIRE

MICE groups that are travelling to Singapore between 10 September 2019 and 31 December 2021 can apply for the Global INSPIRE programme. These groups should have a minimum of 20 foreign attendees and stay for at least three days in Singapore.  For groups on board cruises, the foreign attendees must stay for at least 2 days. Interested groups should register their interest by 31 March 2021.
For more information on INSPIRE, visit https://www.visitsingapore.com/mice/en/plan-your-event/event-assistance-schemes/inspire/overview/
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Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...