Dutch, Singapore Firms Set To Invest $7 Bn In India
Dutch and Singapore firms are set to commit USD 7.19 billion in
investments in India during an investors' summit in Prime Minister Narendra
Modi's home state of Gujarat, months before a national election.
Modi will address
thousands of investors on Wednesday at the start of the three-day Vibrant
Gujarat Global Summit where business leaders, chief executives and diplomats
from 133 countries will participate.
The summit is one of
Modi's last major investment summits before the elections, in which he will
fight for a third term and is widely expected to win.
Posters of Modi were put up across Ahmedabad,
the largest city of Gujarat, along with those of UAE President Sheikh Mohammed
bin Zayed al-Nahyan who arrived in the state on a visit ahead of the event.
Singapore's High
Commission in India said a post on X social media that the country's delegation
will announce Rs 27,000 crore of investments at the summit.
,Amlan Bora, the
chief India representative of the Netherlands Business Support Office, told the
ANI news agency that the Dutch delegation, including Dutch companies, will
propose total investments of USD 3.94 billion in Gujarat and other Indian
states at the summit.
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