PM Modi Meets Singapore Business Leaders: CapitaLand, ST Telemedia, and More Plan Big Investments in India
On September 6, CapitaLand Investment’s Group CEO, Lee Chee Koon, expressed confidence in India’s growth, citing the country’s stable government and steady reforms. He mentioned that CapitaLand aims to more than double its funds in India in the next few years. Lee highlighted that the company’s growth in India has tripled in the last seven years due to PM Modi’s reforms.
Bruno Lopez, CEO of ST Telemedia Global Data, praised India’s digitalisation efforts and announced plans to invest over Rs 26,000 crores in India over the next five years. He emphasized that India’s commitment to digitalisation has enabled the growth of the digital economy.
Kim Yin Wong, CEO of Sembcorp Industries Ltd., noted the positive impact of PM Modi’s policies on India’s power industry. He expressed interest in collaborating with Indian companies NTPC and NHPC, seeing tremendous opportunities in the renewable sector.
Sean Chiao, Group CEO of Surbana Jurong, praised PM Modi’s leadership and noted that India has become a major global player and the fifth-largest economy in the world. He encouraged further market openness and policy improvements to foster more collaboration with Singaporean companies.
Kok Ping Soon, CEO of Singapore Business Federation, appreciated PM Modi’s pro-business attitude and mentioned that Singapore can contribute to skill development in India.
Gautam Banerjee, Senior Managing Director and Chairman of Blackstone Singapore, praised PM Modi’s focus and reforms, stating that Blackstone has achieved more in the last 10 years than in the previous decade. He expressed optimism about the opportunities in India.
PM Modi highlighted the ongoing reforms in India that will encourage investment and innovation. He discussed ways to enhance economic relations between India and Singapore.
Doubts Revealed
PM Modi -: PM Modi is the Prime Minister of India. His full name is Narendra Modi.
CapitaLand -: CapitaLand is a big company from Singapore that invests in buildings and properties.
ST Telemedia -: ST Telemedia is a company from Singapore that works with technology and communication services.
Sembcorp -: Sembcorp is a company from Singapore that works in energy and water solutions.
Surbana Jurong -: Surbana Jurong is a company from Singapore that helps design and build cities and infrastructure.
Singapore Business Federation -: The Singapore Business Federation is a group that represents businesses in Singapore and helps them grow.
Blackstone -: Blackstone is a big investment company that puts money into different businesses to help them grow.
CEO -: CEO stands for Chief Executive Officer. This person is the boss of a company.
Digitalisation -: Digitalisation means using digital technology to change how things are done, like using computers and the internet.
Rs 26,000 crores -: Rs 26,000 crores is a very large amount of money in Indian currency, where 1 crore equals 10 million rupees.
Pro-business attitude -: Pro-business attitude means being supportive and helpful towards businesses to help them succeed.
Reforms -: Reforms are changes made to improve systems, like laws or rules, to make things better.
