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  • India invites Singapore investors

    Published on August 24, 2010

    Singapore-based investors have a strategic role to play in the Mumbai-Delhi Industrial Corridor development, especially the city state’s experience in providing urban solutions and skill development education, Indian High Commissioner T C A Raghavan said.

    “Singapore investors can focus on providing water treatment technologies, urban development solutions and skill manpower development,” he said at the launch of a marketing forum on the 2011 Gujarat Global Investors Summit, called ‘Vibrant Gujarat’ in Singapore on Monday.

    The Delhi-Mumbai Industrial Corridor is a mega infrastructure project of around USD 90 billion, covering an overall length of 1,483 km between the National Capital and the business capital of India, Mumbai.

    Raghavan said the key to maintaining Indias double-digit growth over the next decade would be infrastructure development, which would include ports and airports.

    Infrastructure development, in various public and private partnership forms, was taking off in India compared with China where most of it has been completed, Raghavan said. “This would mean more investment opportunities in India,” he added.

    Meanwhile, the Gujarat state started a series marketing meetings in Singapore on Monday to build up its summit delegate and corporation participation for the summit to be held 12th to 13th January 2011.

    A 10-member delegation led by Industries Commissioner of Gujarat government, B B Swain is in Singapore for a three-day marketing campaign.

    Swain said delegates and companies from Japan and Canada have confirmed their participation in the summit, which, for the first times, will also have participation from 12 other Indian states.

    The summit was being opened to participation from other Indian states to reflect the India-wide development programmes and projects, he said.