Union Minister Shri Piyush Goyal inaugurates Invest India’s Singapore office, marking a significant milestone in India’s global investment outreach.
SINGAPORE, 22 September 2024 – Union Minister of Commerce & Industry Shri Piyush Goyal inaugurated Invest India’s first overseas office in Singapore, reinforcing India’s dedication to fostering foreign investment and economic partnerships in Southeast Asia. This milestone comes following an announcement by Hon’ble Prime Minister Shri Narendra Modi, made during his visit to Singapore on 4–5 September 2024, regarding the establishment of Invest India’s Singapore base.
Located in Singapore, the new office aims to serve as a central hub for investors in the ASEAN region, acting as a vital resource for businesses looking to expand in India. In his address, Minister Goyal highlighted Singapore’s role as a key economic partner, noting that “this office marks a new chapter in our efforts to strengthen economic cooperation with Singapore and the broader ASEAN region.” He further announced plans to open additional Invest India offices globally to simplify international investor engagement with India’s growing economy.
As part of this initiative, Ms. Nomita of Sun Media engaged in discussions with Mr. R Khurana, Vice President of Invest India, on 29 October 2024 at Invest India’s office in Vigyan Bhawan, Maulana Azad Road. During this conversation, Mr. Khurana elaborated on the roles and objectives of Invest India, which was established in 2009 with a mission to act as a single point of contact for all investors, both foreign and domestic. He outlined Invest India’s approach to guiding investors through various stages of market entry, including sector analysis, regulatory frameworks, and regional assessments to match investment needs with suitable Indian states.
The Singapore office will not only provide tailored information to foreign investors but also facilitate networking opportunities through partnerships with regional stakeholders, including trade bodies, industry associations, and advisory networks. Mr. Khurana explained that the new office intends to support investors by fostering informed decision-making, offering insights into India’s economic landscape, and demystifying regulatory processes.
Invest India’s expansion aims to enhance India’s appeal as a business destination while contributing to ongoing policy-level collaborations between India and ASEAN nations. The new office also reflects India’s commitment to an investor-friendly approach, positioning Singapore as a strategic gateway for the Indian economy in Asia.
Source: IN Diplomacy Reporters
