Attracting Singapore Investments Insights from Envoy Shilpak Ambule

14 Mar, 2024

Attracting Singapore Investments Insights from Envoy Shilpak Ambule

The Indian High Commission in Singapore is actively fostering increased investments in India's thriving economy, focusing on advancements in infrastructure, renewable energy, and technology, according to envoy Shilpak Ambule. Ambassador Ambule emphasized three key drivers propelling India's growth: a commitment to green growth through renewable energy, establishment of digital infrastructure for smoother economic operations, and a focus on sustainable development.

Speaking at the '2024 Budget Analysis Singapore and India' event, the High Commissioner reiterated India's dedication to attracting more Singaporean investments, underlining India's ongoing growth narrative. He highlighted diverse economic activities contributing to India's progress, including youth skill development, advancements in technologies like semiconductors, and initiatives supporting rural development and women's empowerment.

Echoing this sentiment, Somnath Adak, chairman of ICAI Singapore chapter, emphasized the strong investment potential in India's infrastructure, particularly with recent amendments by SEBI to REIT regulations. Adak noted the appeal of Indian REITs to Singaporean investors familiar with Singapore-listed REITs, citing India's burgeoning real estate sector and robust stock market performance.

With Singapore-based investors showing optimism towards India, Adak highlighted the expanded opportunities for investment in India's real estate sector facilitated by the new REITs initiative. He emphasized the attractiveness of Indian markets and underscored the growth potential, particularly in real estate, enticing foreign investors to explore opportunities in India.