• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai , May 22

The investment friendly policies of the newly elected Government in Tamil Nadu would boost foreign direct investment from Singapore to Tamil Nadu, according to Mr M. Rajaram, Chairman, Singapore Indian Chamber of Commerce and Industry (SICCI).

Speaking at a special session with the delegates from the SICCI and the Singapore Chinese Chamber of Commerce and Industry, organised by the Confederation of Indian Industry (CII) here on Monday, he said that the Government's affinity to the Centre would also help, and the policies would be transparent and investor-friendly.

The delegation met with the Chief Minister of Tamil Nadu earlier as a part of its programme in India.

Currently, Singapore is considered to be India's largest trading and investment partner amongst the Asean countries and is India's largest export partner, according to Mr N. Kumar, Past President, CII. The bilateral trade between the countries grew by over 50 per cent in 2005, he said.

This has been helped by the signing of the Comprehensive Economic Cooperation Agreement (CECA) in June last year, said Mr R. Ramaraj, Vice- Chairman, CII and Managing Director and Chief Executive Officer, Sify Ltd, adding that India is expecting a 300 per cent increase in its foreign direct investment from Singapore in the first year of the implementation of CECA.

More Stories on : Foreign Direct Investment | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Awareness drive

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line