Singapore investors upbeat on India: power minister Goyal
24 May 2016
India has received very positive feedback from international investors in Singapore and can look forward to good investments coming from the island nation, minister of state for coal, power and renewable energy Piyush Goyal said on Monday.
"I do feel that the mood is very favourable for India. They (investors) can see the India story structurally improving. They can see the demand that India provides and to my mind India can look forward to good investments coming from Singapore," Goyal, who was on a one-day visit to Singapore at the head of a delegation of the Federation of Indian Chambers of Commerce and Industry (Ficci) told reporters.
Inviting investments in India's power and infrastructure sectors, he apprised Singaporean investors including the Government Investment Corp of investment opportunities in India and the initiatives of the government.
"We had good sessions with investors during the morning. We have received a very positive feedback and support from international investors," Goyal said.
"We have had a wide range of discussions with investors," he added.
Goyal addressed a Deutsche Bank db AccessAsia annual economic conference earlier on Monday.
"Delievered keynote address at dbAccess investor conference, Singapore. Unprecedented investor interest in India," he tweeted.
He also met the Singapore deputy Prime Minister Tharman Shanmugaratnam, and members of the Indian and Singaporean industry at the India-Singapore Energy Technology and Investors Meet jointly organised by the by the Indian High Commission, Ficci, Singapore Manufacturing Federation and Institute of South Asian Studies.
Later, Goyal visited Singapore's Institute of Technical Education and discussed a possible collaboration with the institute in setting up 21 centres across India as part of the government's skill development initiative.
"Skilling is one of the main reasons I am visiting Singapore. We hope to have a collaboration with ITE for training faculty," he said.
"We got an opportunity to share the India growth story here. They showed a lot of interest about the Ujwal Discom Assurance Yojana. Overall, the mood has been very favourable for India," he added.
Meanwhile, the Singapore Manufacturing Federation announced on Monday that it will take part in two exhibitions in India in July - AMTEX in New Delhi and Last Mile Fullfilment India in Mumbai - and will also sending delegations to Mumbai and Indore in October this year.
