Key Takeaways
- • Union Finance Minister Nirmala Sitharaman arrived in Singapore on Friday, October 9, 2026, for a three-day official visit (October 9–11) aimed at attracting greater global investment into India.
- • Singapore is India's largest source of foreign direct investment: cumulative inflows stood at approximately USD 194.68 billion between April 2000 and March 2026, and USD 19.8 billion in FY 2025-26, according to the Finance Ministry.
- • Sitharaman is scheduled to join a business roundtable with hedge fund and portfolio fund managers and to hold one-on-one meetings with senior executives of GIC, Temasek, DBS Bank, Standard Chartered Bank, British International Investment and Mitsubishi UFJ Financial Group.
- • The Finance Ministry framed the agenda around India's growth trajectory, investment opportunities and the evolving global economic and financial landscape.
Summary
The visit reflects India's effort to deepen investment links with Singapore, its largest source of foreign direct investment. Cumulative FDI inflows from Singapore reached approximately USD 194.68 billion between April 2000 and March 2026, according to the ministry. In FY 2025-26 alone, Singapore was the largest source of FDI into India at USD 19.8 billion, per an earlier government release.
Beyond the roundtable, Sitharaman is scheduled to hold individual meetings with senior executives of major institutional investors and financial institutions, including GIC, Temasek, DBS Bank, Standard Chartered Bank, British International Investment and Mitsubishi UFJ Financial Group. The ministry said the discussions would cover India's growth trajectory, investment opportunities and the evolving global economic and financial landscape.
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