NEW DELHI: Singapore has emerged as the most sought after destination for foreign direct investment by Indian companies, which invested over USD 500 million there in May.
According to a study from industry body Assocham, of the total outward investment of USD 2.35 billion in May, Singapore accounted for about a fourth of the total outflows.
The US, the UK, Hong Kong, the UAE, the Philippines and Mauritius were the other favourite destinations. Full story
