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 largÂest foreign business community in Singapore." Full story
