CapitaLand Investment’s Group CEO, Lee Chee Koon, has expressed optimism about India’s growth potential, attributing it to the country’s stable government and ongoing reforms. He emphasized that CapitaLand aims to significantly increase its investments in India in the coming years.
Lee stated that while CapitaLand has been in India for over 30 years, the company’s growth has seen a significant boost since Prime Minister Modi took office. “Our growth wasn’t rapid at first, but after PM Modi came to power, his reforms accelerated our progress,” Lee told ANI. He added, “In the last seven years, our growth has tripled due to India’s vast opportunities, political stability, and pro-business attitude. We are confident in our goal to more than double our funds under management in India in the near future.”
Other Singaporean business leaders also expressed enthusiasm about investing more in India. Bruno Lopez, CEO of ST Telemedia Global Data, praised India’s commitment to digitalization, which has facilitated the growth of the digital economy. He announced that his company plans to invest over Rs 26,000 crores in India over the next five years. “India’s digital transformation is impressive and an example to follow,” Lopez said.
Kim Yin Wong, CEO of Sembcorp Industries Ltd., spoke about the opportunities in India’s renewable energy sector. He highlighted how recent government policies have strengthened the viability of solar energy projects in India, presenting significant opportunities for foreign investors like Sembcorp.
Sean Chiao, Group CEO of Surbana Jurong, praised India’s global rise under PM Modi’s leadership, noting the country’s position as the world’s fifth-largest economy. Chiao emphasized the importance of opening up markets and introducing new policies to foster further collaboration between Indian and Singaporean companies.
Kok Ping Soon, CEO of the Singapore Business Federation, appreciated PM Modi’s attention to business leaders’ concerns and remarked that Singapore could contribute to skill development in India. “PM Modi’s pro-business attitude is encouraging. Singapore can assist with skill development, which he also emphasized,” Soon said.
Blackstone Singapore’s Senior Managing Director, Gautam Banerjee, expressed admiration for PM Modi’s leadership, stating that his firm has achieved more in the last decade than in the previous 10 years. Banerjee noted, “PM Modi’s focus and energy on various sectors have opened up numerous opportunities for us.”
PM Modi met with Singaporean business leaders during his visit, where he highlighted India’s ongoing reforms aimed at encouraging investment and innovation. He emphasized the importance of strengthening economic ties between the two nations. In a post on social media platform X, Modi shared, “I interacted with top business leaders and CEOs in Singapore. We discussed ways to deepen economic links and I emphasized the reforms underway in India that will boost investment and innovation.”