ENA Sectors 2024-03-15 16:54:42 <p><span style="font-size:14px"><strong>New Delhi, Mar 15 (KNN)</strong> Shilpak Ambule, High Commissioner of India to Singapore, emphasised the Commission's dedication to attracting more investments into India's thriving economy while speaking at the '2024 Budget Analysis Singapore and India' event, on Tuesday.</span></p> <p><span style="font-size:14px">Ambule highlighted the impressive progress in infrastructure, renewable energy, and advanced technology sectors, underscoring India's growth potential.</span></p> <p><span style="font-size:14px"> We are very much committed to getting more investments from Singapore into India which is a growth story, he stated.</span></p> <p><span style="font-size:14px">He outlined India's diverse economic activities, including youth skilling initiatives, semiconductor development, and rural economy empowerment, as drivers of this growth narrative.</span></p> <p><span style="font-size:14px">Echoing Ambule's sentiments, Somnath Adak, Chairman, Institution of Chartered Accountants of India (ICAI) Singapore chapter, noted the strong prospects for investment in Indian infrastructure.</span></p> <p><span style="font-size:14px">Adak highlighted the recent amendments by Securities Exchange Board of India (SEBI) to facilitate the formation of Small and Medium Real Estate Investment Trusts (SM REITs), opening new avenues for foreign investment in India.</span></p> <p><span style="font-size:14px">Adak emphasised Singapore-based investors' familiarity with REITs and their potential interest in Indian-listed REITs. He pointed out the bullish sentiment among Singapore investors towards India, particularly in light of the country's soaring stock markets and robust growth in the real estate sector.</span></p> <p><span style="font-size:14px">Overall, the Indian High Commission in Singapore, alongside industry leaders like Adak, is actively working to leverage opportunities and drive foreign investment into India's burgeoning economy.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37062 https://knnindia.co.in/news/newsdetails/sectors/committed-to-attracting-more-singapore-investments-high-commissioner-of-india-to-singapore 2024-03-15 16:54:42 knnindia.co.in