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SBF HOSTS BUSINESS ROUNDTABLE WITH INDIA ’ S PRIME MINISTER IN SUPPORT OF DEEPENING BUSINESS TIES
Singapore and India ’ s business ties deepen further as the Singapore Business Federation ( SBF ) hosted an exclusive closed-door business roundtable with the Prime Minister of India , Shri Narendra Modi , together with distinguished Singapore business luminaries . Modi was accompanied by Minister of External Affairs , Dr S Jaishankar , National Security Advisor , Shri Ajit Doval , and High Commissioner of India to Singapore , Dr Shilpak Ambule . The roundtable last month at Shangri-La Singapore was attended by Deputy Prime Minister and Minister for Trade and Industry , Gan Kim Yong , Minister for Home Affairs and Minister for Law , K Shanmugam , and Singapore ’ s High Commissioner to India , Simon Wong .
Hosted by SBF Chairman , Lim Ming Yan , and SBF CEO , Kok Ping Soon , the roundtable was organised in collaboration with the High Commission of India , Ministry of Trade and Industry ( MTI ) and Enterprise Singapore ( EnterpriseSG ). The session provided a unique opportunity for Singapore businesses to directly engage with Modi and discuss opportunities to enhance the business relationship between Singapore and India . This roundtable event hosted 18 companies , spanning 15 sectors .
Being India ’ s largest trade partner in ASEAN , Singapore ’ s business relations with India are filled with strong growth opportunity . Based on a report by the High Commission of India in Singapore ,
Singapore was the largest source of Foreign Direct Investment ( FDI ) into India in FY 2023 – 24 , with FDI [ Foreign Direct Investment ] equity inflows in India from Singapore standing at US $ 11.774 billion during 2023 to 2024 .
SBF has played an enabler role in seeing businesses through its foray into India from various key industries including semiconductor , biomedical , aviation , HealthTech , electronics and finance . SBF ’ s efforts include facilitating and organising events to proactively engage businesses between the two countries .
Earlier this year , SBF partnered with EnterpriseSG to lead a business delegation to the Tamil Nadu Global Investors Meet and the Vibrant Gujarat Global Summit . In June , SBF organised the ‘ Post India Election-Impact on India ’ s Business Environment , Foreign Direct Investments and the Financial Markets ’, led by His Excellency , Dr Shilpak Ambule , and moderated by Gautam Banerjee , Chairman of SBF ’ s India South Asia Business Group and Chairman of Blackstone Singapore .
Lim Ming Yan , Chairman of SBF , said : “ It is heartening for SBF to welcome India ’ s Prime Minister Modi on his visit to Singapore after nearly six years . Singapore ’ s businesses see strong interest in setting up in India and the country remains as one of our top destinations for future overseas expansion in Asia .” x www . intelligentcxo . com
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