meanwhile, Singapore companies It has committed to invest over Rs 5 lakh crore (about $60 billion) in India over the next few years.
“Prime Minister Modi participated in a business roundtable co-hosted by Deputy Prime Minister Gan Kim Yong. All 18 leading business captains praised Modi 3.0 and pledged to double their investments in India over the next 3 years. This is a huge endorsement for the Indian growth story,” High Commissioner Simon Wong said in a post on X.
Prime Minister Modi also announced the setting up of an “Invest India” office in Singapore to promote business ties between the two countries.
A government press release said, “To further facilitate its cooperation with India, the Prime Minister announced the establishment of the Invest India office in Singapore. He further noted that elevating India-Singapore relations to the level of a Comprehensive Strategic Partnership would give a major boost to bilateral economic ties.”
Talking about the aviation sector, Prime Minister Modi said, “If there is any fastest growing aviation market in the world, it is in India… the entire sky is open.”
Prime Minister Modi on Thursday concluded his two-nation visit to Brunei and Singapore and left for India.