Sharma invites Singaporean companies to invest in India

Union Minister for Commerce and Industry, Anand Sharma meeting the Senior Minister, Goh Chok Tong, in Singapore on July 09, 2010.

Union Commerce and Industry Minister Anand Sharma today invited Singaporean companies to invest in India's infrastructure sector.

At meetings with Singapore Foreign Minister George Yeo, Trade and Industry Minister Lim Hng Kiang and Senior Minister Goh Chok Tong in Singapore, he also discussed ways of using Singapore's expertise in areas of water management, urban planning and skills development.

An official press release said here that Mr Sharma also briefed Mr Tong on the progress of the Delhi-Mumbai Industrial Corridor and other areas where Singaporean companies could bring in their expertise and investments.

In the meeting with his Singaporean counterpart, Mr Sharma discussed issues relating to the ongoing 2nd Review of the India Singapore Comprehensive Economic Cooperation Agreement (CECA). Mr Kiang underscored the importance of early conclusion of India-ASEAN Agreements on Services and Investments.

During his meeting with Mr Yeo, Mr Sharma discussed bilateral relations and India’s engagement with ASEAN, the release said.

At a meeting organised by the Confederation of Indian Industry (CII) with CEOs and industrialists, Mr Sharma gave a broad overview of India's economy and also referred to the country's engagement with Asia in general and Singapore in particular.

The Minister delivered a lecture on "Resurgence of Asia in 21st Century - an Indian Perspective" at the Lee Kuan Yew School of Public Policy.

Mr Sharma is also scheduled to visit a water plant which showcases the advances that Singapore has made in the area of used water recycling and water management in urban situations, the release added.

NNN