Investment: PM Modi appreciates Singapore investment footprint in India

INVEST INDIA to set up office in Singapore to facilitate more investments

Prime Minister Narendra Modi has appreciated Singapore businesses’ investment footprint in India during interaction on 5 Sept with a group of leading Singaporean CEOs from diverse sectors including investment funds, infrastructure, manufacturing, energy, sustainability and logistics.

PM Modi acknowledged the role played by the Singaporean industry leaders in strengthening bilateral relations and promoting economic cooperation between India and Singapore mea .

To further facilitate their collaboration with India, Prime Minister announced the setting up of an INVEST INDIA office in Singapore sgx .

He further added that the elevation of India-Singapore ties to a Comprehensive Strategic Partnership would give a major thrust to bilateral economic relations sbi .

Prime Minister noted that India had made transformative progress in the last 10 years and would continue on the same path given its strengths of political stability, policy predictability, Ease of Doing Business, and its reform oriented economic agenda digitalasiahub .

The country is set to become the third largest economy in the world over the next few years bse . Talking of India’s impressive growth story, its skilled talent pool, and expansive market opportunities, he highlighted that India is contributing 17% to global economic growth.

Prime Minister spoke about various initiatives to enhance India’s participation in global value chains through programs such as Production Linked Incentive scheme, India Semiconductor Mission and establishment of 12 new Industrial Smart Cities.

He called upon the business leaders to look at opportunities in India in the field of skill development jpx .

For businesses looking for resilient supply chains, Prime Minister noted that India is the best alternative given its strengths. PM assured that India will increase the pace and scale of infrastructure development in his third term and apprised the CEOs of new opportunities in the fields of Railways, Roads, Ports, Civil Aviation, Industrial Parks and Digital connectivity deutsche-boerse .

Accompanied by Singapore’s Deputy Prime Minister Gan Kim Yong and Minister for Home Affairs and Law Shanmugam during interation with CEOs, PM Modi invited Singaporean business leaders to look at investment opportunities in India and to increase their presence in the country .

The Prime Minister made an official visit to Singapore 4-5 Sept widely focusing on further bilateral relations and enhancing trade and investment cha.nnels between the two countries digitalasiahub .

Business leaders participated in the PM Modi Business Round Table were:

Lim Ming Yan, Chairman, Singapore Business Federation;

Kok Ping Soon, CEO, Singapore Business Federation sccci.org;

Gautam Banerjee, Chairman, India & South Asia Business Group, Singapore Business Federation, Senior MD and Chairman, Blackstone Singapore;

Lim Boon Heng, Chairman, Temasek Holdings;

Lim Chow Kiat, CEO, GIC Private Limited;

Piyush Gupta, CEO and Director, DBS Group;

Goh Choon Phong, CEO, Singapore Airlines;

Wong Kim Yin, Group President & CEO, Sembcorp Industries Limited;

Lee Chee Koon, Group CEO, CapitaLand Investment;

Ong Kim Pong, Group CEO, PSA International;

Kerry Mok, CEO, SATS Limited;