Singapore Remains Top Source of FDI for India, Minister Highlights

Finance Minister Nirmala Sitharaman’s official trip to Singapore, scheduled from October 9‑11, will underline the pivotal role the city‑state plays in India’s foreign direct investment landscape. In meetings with President Tharman Shanmugaratnam, Prime Minister Lawrence Wong, Deputy Prime Minister Gan Kim Yong and Foreign Minister Vivian Balakrishnan, the minister will stress that Singapore has supplied about $194.68 billion in FDI to India between April 2000 and March 2026.

The investment portfolio includes substantial stakes from sovereign investors GIC and Temasek, who have backed projects in infrastructure, high‑technology, renewable energy and consumer sectors. Discussions will explore ways to deepen this financial bond through expanded digital finance channels, coordinated capital‑market reforms, tax alignment and joint ventures in semiconductors, advanced manufacturing, skill development and aviation.

A targeted round‑table with hedge‑fund and portfolio‑fund managers will be convened, alongside several government‑to‑business (G2B) dialogues, to present India’s growth story and address the evolving global economic climate.

One‑on‑one meetings are also set with senior representatives from GIC, Temasek, DBS Bank, Standard Chartered, British International Investment, IHH Healthcare, MUFG, B Capital, HPS Investment Partners, SEB, Mitsui & Co and TPG. These engagements aim to identify new co‑investment opportunities, while platforms such as the National Investment and Infrastructure Fund (NIIF) and Gift City will be highlighted as avenues for Singaporean capital to flow into Indian projects.

The minister’s visit reinforces India’s commitment to leveraging the robust political friendship with Singapore to translate strategic partnership into measurable economic outcomes, fostering greater trade, investment and sectoral collaboration.