Singapore: Singapore has played a pivotal role in India’s economic and commercial policies, External Affairs Minister S Jaishankar on Monday said.
Addressing the inaugural session of ‘Start-Up and Innovation Exhibition’ here, Jaishankar said:”In political, strategic as well as economic and commercial areas, Singapore has become a fulcrum for India’s policies”.
Jaishankar said Singapore has become a key partner in India’s growth and development. The External Affairs Minister said Singapore has become a favoured and comfortable destination for Indian companies going abroad.
Nearly 20 per cent of India’s investments came from Singapore and more than 9000 Indian companies were registered here, he said.
The country is a direct source of investments into India. Its financial market was a major source of capital, he noted.