Commerce Minister Piyush Goyal Meets DBS Group CEO Piyush Gupta
New Delhi, India – Commerce Minister Piyush Goyal recently met with Piyush Gupta, the CEO and Director of Singapore-based DBS Group. The meeting focused on discussing the group’s plans to increase investments in India, particularly by engaging with small and medium enterprises.
Goyal shared on social media that they also explored ways to bring together stakeholders from various sectors in India and Singapore to identify synergies and create mutually beneficial opportunities.
DBS Group is a leading financial services group in Asia, operating in 19 key markets. Headquartered and listed in Singapore, DBS has been present in India for 30 years, having opened its first office in Mumbai in 1994. DBS Bank India Limited is notable for being the first large foreign bank in India to operate as a wholly owned, locally incorporated subsidiary of a leading global bank.
Doubts Revealed
Commerce Minister -: The Commerce Minister is a government official in charge of trade and business matters in a country. In this case, it’s Piyush Goyal from India.
Piyush Goyal -: Piyush Goyal is an Indian politician who is currently serving as the Commerce Minister of India. He works on policies related to trade and business.
DBS Group -: DBS Group is a big financial services company based in Asia. They offer banking and financial services like loans, savings accounts, and investments.
CEO -: CEO stands for Chief Executive Officer. This person is the highest-ranking executive in a company, responsible for making major decisions. Piyush Gupta is the CEO of DBS Group.
Investments -: Investments are when people or companies put money into something, like a business, to make more money in the future. They can help businesses grow.
Small and medium enterprises -: Small and medium enterprises, or SMEs, are businesses that are not very large. They usually have fewer employees and less revenue than big companies.
Stakeholders -: Stakeholders are people or groups who have an interest in a business or project. They can include employees, customers, investors, and partners.
Wholly owned subsidiary -: A wholly owned subsidiary is a company that is completely owned by another company. In this case, DBS Group’s operations in India are fully owned by the main DBS Group.
