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Shri M.Venkaiah Naidu woos top Singapore companies to invest in India

Press Information Bureau:  November 10, 2014

New Delhi: Shri Naidu tells top CEOs that doing business in India is getting much easier; Country on a turn around course

Urban Development Minister also interacts with Indian diaspora in Singapore

Asserting that doing business in India is getting much easier now, Urban Development Minister Shri M.Venkaiah Naidu today made a feversih pitch for investments from Singapore into urban development schemes like building smart cities, improving infrastructure in urban habitations and Housing for All by 2022 besides othe sectors.

Shri Venkaiah Naidu, who is on a three day visit to Singapore, today interacted with chief exeuctives of leading companies of the city state from various sectos like Construction, Electrical and Electronics, Automobiles, Banking, Consultancy Services, Power, Shipping, Oil and Gas Exploration and Building and Construction Authority of Singapore. Shri Naidu was happy to know of the enhanced interest among the leading companies of Singapore to invest in India. India's High Commisioner in Singapore Ms.Vijaya Thakur Singh besides senior officers of the Ministries of Urban Development and Housing & Urban Poverty Alleviation also participated in the interactive session.

Shri Venkaiah Naidu informed the top executives of Singapore based companies that India is currently marching towards ensuring an economic turn around. He further said, 'ease of doing business in India' is improving and more significant changes are in the offing. Stating that India has the necessary human resources with talent, Shri Naidu urged the investors to come to India with 'money and machines' to realise the Prime Minister's clarion call of 'Make in India'.

Shri Venkaiah Naidu also met Singapore's Minister for National Development Shri Desmond Lee and Second Minister for PMO, Home, Trade and Industry Shri Eswaran and discussed the new investor friendly climate being put in place in India. Shri Eswaran said, he would be coming to India soon for the 'Vibrant Gujarat Summit' and will hold further discussions regarding investment opportunities.

The Urban Development Minister interacted with a large section of Indian Diaspora in Singapore organised by the Global Organisation for People of Indian Origin. Shri Naidu gave an account of the initiatives being launched by the government as per the vision of the Prime Minister Shri Narendra Modi for speeding up economic recovery and for inclusive development. He urged the Persons of Indian Origin to contribute for rapid development of India and to preserve and promote the rich cultural legacy of their motherland.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

x IBEF : India Brand Equity Foundation