1. Press releases
Chief Minister of Karnataka, India to visit Singapore (27-29 Jun 06)
26 June 2006
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
CHIEF MINISTER OF KARNATAKA, INDIA TO VISIT SINGAPORE (27 – 29 JUNE 2006)
The Chief Minister of the Indian state of Karnataka, HE Shri H D Kumaraswamy, will visit Singapore from 27 to 29 June 2006 at the invitation of Minister for Trade and Industry Mr Lim Hng Kiang.
Karnataka, in particular its capital Bangalore, is among the top three destinations in India for Singapore investors, which have invested in the IT-park, residential-township and logistics sectors. The visit aims to foster greater business collaboration between Karnataka and Singapore.
During his visit, Chief Minister Kumaraswamy will be hosted to lunch by Minister Lim Hng Kiang.He will also meet with Singapore companies in the infrastructure, water technology and logistics sectors.
Chief Minster Kumaraswamy’s visit comes amidst growing interest among the business communities in Singapore and India for stronger business links, following the signing of the bilateral Comprehensive Economic Cooperation Agreement (CECA) in June last year. Indian statistics show that actualized Foreign Direct Investment inflows from Singapore to India jumped from USD62.1 million in 2004 to USD321.4 million in 2005. This made Singapore the third largest source of Foreign Direct Investment (FDI) inflows into India for the year 2005. The presence of Indian companies in Singapore has also grown, with over 1,600 companies in Singapore today.
Ministry of Trade & Industry
26 June 2006