14 Jan '11, 4am

S'pore is India's second largest foreign investor

SINGAPORE: Singapore is now India's second largest foreign investor after Mauritius, said Trade and Industry Minister Lim Hng Kiang. Opening the India Show 2011 at Suntec Convention Centre, Mr Lim said Singapore's investments into India have quadrupled to almost 13 billion Singapore dollars since 2005. India is also a major investor in Singapore to the tune of 11 billion Singapore dollars in 2008. Mr Lim said while these are considerable achievements, there is more than both countries can do. The second review of the Comprehensive Economic Cooperation Agreement (CECA) is now underway and this reflected a mutual desire to continue to strengthen and deepen bilateral economic ties. Mr Lim said: "Singapore companies are keen to explore opportunities in India and participate in India's spectacular growth story. Likewise, Singapore too, has much to offer to Indian companies who ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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