India is an "investment-friendly" country, Prime Minister Manmohan Singh today assured his Singapore counterpart Lee Hsien Loong who had earlier complained of "complicated" Indian business environment for investors who want policy stability.
India and Singapore also inked three pacts, including one in the field of defence and security after the comprehensive and "fruitful" discussions on international, regional and bilateral issues between the two Prime Ministers.
Noting that Singapore was not only India's foremost trading partner in ASEAN but also a major sources of FDI inflows, Singh said "we agreed to expedite the conclusion of the ongoing second review of the Comprehensive Economic Cooperation Agreement that would further facilitate trade in goods and services and investment.
"In this context, I assured Prime Minister Lee of India's commitment to reinforce its status as as investment-friendly country and expressed my hope that Singapore companies would look at India as a |
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