The Khabar staff would like to thank you for your readership, comments and contributions. Khabar will discontinue its service on 20 March 2015.

Singapore PM urges India to push reforms

July 13, 2012
Reset Text smaller larger

NEW DELHI, India – Singapore's prime minister on Wednesday (July 11th) urged India to press ahead with economic reforms and added that foreign investors need a "predictable" environment in which to invest their money, AFP reported.

Visiting Prime Minister Lee Hsien Loong's comments in New Delhi come as foreign investors have expressed growing concern about India's paralysed reform process, policy flip-flops and erratic taxation moves.

"They want to be sure the terms you go in on are the same for the next 20 to 30 years," Lee said. "The more these aspects can be strengthened, the better it will be for India."

Singapore is India's largest trading partner among the Association of the Southeast Asian Nations (ASEAN) with bilateral trade of $23 billion and the second biggest source of foreign direct investment inflows into Asia's third-largest economy, according to India's ministry of external affairs.

Lee urged New Delhi to step up its ties as well with ASEAN and added he hoped an investment and services accord between the two would be signed soon.

Add A Comment (Comments Policy)* denotes required field



The Islamic State of Iraq and Syria (ISIS) does not represent Muslims.

View Results

Photo Essay

A woman reacts outside Jakarta's Ritz-Carlton hotel on July 17th, 2009 after bomb blasts tore through it and the nearby JW Marriott. Two suspected Jemaah Islamiyah suicide bombers killed at least six people and injured more than 40 others. [Arif Ariadi/AFP]

The Global Terror Threat: Southeast Asia

Southeast Asia has been both a source and a target of global terrorism. Al-Qaeda affiliates Jemaah Islamiyah in Indonesia and Malaysia and Abu Sayyaf in the Philippines are among regional groups that terrorise their home countries with bombings, ambushes,