Singapore second largest foreign investor in India at US$19.1 billion

newKerala.com, 4 Jul 2013
External Affairs Minister Salman Khurshid on Thursday said Singapore is the second largest foreign investor in India.
Addressing the Singapore India Chambers of Commerce & Industry (SICCI), Khurshid said: "After India and Singapore entered into the CECA (Comprehensive Economic Cooperation Agreement), in 2005, bilateral trade has grown from a level of US $ 8.7 billion (2005 - 2006), to US $ 21.3 billion in 2012-13. Singapore has emerged as the second largest foreign investor in India. Even India's investment in Singapore has gone up eight-fold as a result the Indian business community has emerged as the largĂ‚­est foreign business community in Singapore." Full story
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