PM Modi’s Leadership Praised by Surbana Jurong CEO Sean Chiao During Singapore Visit
During his visit to Singapore on September 4-5, 2024, Prime Minister Narendra Modi received high praise from Sean Chiao, CEO of Surbana Jurong, for his exceptional leadership. Chiao expressed his excitement about meeting PM Modi and highlighted India’s growth as a global player and the fifth-largest economy under Modi’s leadership.
Chiao said, “It is very exciting to meet PM Modi in person. His leadership is exceptional. This is his third term. For the past two terms, you can see that India has become one of the major players globally and the fifth-largest economy in the world. I would encourage him to open up the market to consider some of the new policies or improve some existing policies to encourage more collaboration with Singaporean companies and investments.”
During a roundtable with PM Modi, Singaporean companies from diverse sectors committed an investment of over Rs 5 lakh crore (around USD 60 billion) in the next few years. PM Modi interacted with leading Singaporean CEOs from sectors including investment funds, infrastructure, manufacturing, energy, sustainability, and logistics. Deputy Prime Minister H.E. Gan Kim Yong and Minister for Home Affairs and Law K Shanmugam of Singapore also participated in the event.
PM Modi appreciated the investment footprint of Singaporean companies in India and acknowledged their role in strengthening bilateral relations and promoting economic cooperation between India and Singapore. To further facilitate collaboration, PM Modi announced the establishment of an INVEST INDIA office in Singapore. He also mentioned that elevating India-Singapore ties to a Comprehensive Strategic Partnership would significantly boost bilateral economic relations.
The Prime Minister invited Singaporean business leaders to explore investment opportunities in India and to increase their presence in the country.
Doubts Revealed
PM Modi -: PM Modi is the Prime Minister of India. His full name is Narendra Modi.
Surbana Jurong -: Surbana Jurong is a big company from Singapore that helps build and design cities and buildings.
CEO -: CEO stands for Chief Executive Officer. It means the person who is the boss of a company.
Sean Chiao -: Sean Chiao is the CEO of Surbana Jurong, the company from Singapore.
Singapore -: Singapore is a small but very rich country in Southeast Asia.
India’s growth -: India’s growth means how India is becoming richer and more important in the world.
fifth-largest economy -: Fifth-largest economy means India is the fifth richest country in the world based on how much money it makes.
Rs 5 lakh crore -: Rs 5 lakh crore is a very big amount of money. It is 5 trillion rupees.
INVEST INDIA office -: INVEST INDIA office is a place that will help people from Singapore and India do business together.
bilateral economic relations -: Bilateral economic relations mean the business and trade activities between two countries, in this case, India and Singapore.