Published June 19, 2013
India seeks new funding sources for infrastructure
More Indian firms likely to list on Singapore Exchange to raise capital
Forum talk: India will have to diversify infrastructure spending to the capital markets, says Mr Lim (above). Mr Nath notes after a decade of IT, India is now in the decade of infrastructure. Many Indian firms come to SGX to raise capital within a trusted environment to grow their business, says Mr Bocker. - BLOOMBERG FILE PHOTOS
MORE companies from India are knocking at the door of Singapore Exchange (SGX) as the South Asian country looks to Singapore to help finance its enormous infrastructure needs.
India has targeted US$1 trillion worth of infrastructure projects until 2017, with half of this investment coming from the private-public sector partnerships, the country's Minister of Urban Development, Kamal Nath, said at an investment forum here yesterday.
To finance this investment, India is looking at new funding sources including resources in Singapore.
Singapore's Trade and Industry Minister Lim Hng Kiang said that India will have to diversify infrastructure spending to the capital markets and also take advantage of the growth of infrastructure as an asset class.
