Singapore's investments in India grew nearly 20 times in the past decade to SGD 12.1 billion, Finance Minister Heng Swee Keat today said.
Heng cited 50 years of successful bilateral diplomatic ties to reaffirm his country's partnership and friendship with India.
"This is an opportune time to reaffirm the partnership between Singapore and India," said Heng, addressing over 1,000 delegates at the IIMPACT conference and exhibition here.
"Over the past decade, Singapore's investments in India have grown nearly 20 times from SGD 653 million to SGD 12.1 billion," said Heng.
He cited Prime Minister Narendra Modi's visit to Singapore four months ago and the signing of a joint declaration to pursue economic cooperation between the two countries.
"Whether as individuals, businesses or as nations, our impact is multiplied when we look for ways to partner others, here and with friends abroad, to bring our strengths together and collaborate to build the future we imagine for ourselves," said Heng.
More than 6,000 Indian companies are in Singapore, working globally. Singaporean companies are steadily growing presence in India, he said.
These bring "our strengths together and colaborate to build the future we imagine for ourselves," Heng said.
Meanwhile, Prime Minister Modi sent a message, wishing success for the IIMPACT global event. IIMPACT has the highest concentration of IIM alumni in Singapore.
