Singapore companies pledge ₹5 lakh crore investment in India post PM Modi's business roundtable

In a significant boost to India's economic prospects, Singaporean companies have committed to investing ₹5 lakh crore following a strategic roundtable discussion with Prime Minister Narendra Modi. This landmark meeting, aimed at strengthening bilateral trade and investment ties, highlighted the growing confidence of international businesses in the Indian market.

Prime Minister Modi, known for his proactive approach to economic diplomacy, engaged with top executives and business leaders from Singapore, emphasizing India's robust growth potential and business-friendly reforms. The roundtable provided a platform for discussing opportunities across various sectors, including technology, infrastructure, and manufacturing.

The pledged investment, expected to create numerous job opportunities and spur technological advancements, underscores the global business community's recognition of India's evolving economic landscape. The infusion of capital from Singapore is anticipated to further bolster India's position as a preferred destination for foreign direct investment. This development comes at a time when India is aggressively pursuing its vision of becoming a $5 trillion economy, with initiatives aimed at fostering innovation, enhancing ease of doing business, and building resilient infrastructure.

The collaborative efforts between the two nations are set to drive substantial economic growth and strengthen bilateral relations. Overall, the commitment from Singaporean companies marks a pivotal moment in India's economic journey, promising a new wave of development and prosperity for the nation.