Singapore top destination for Indian investment
10 JUL, 2012
NEW DELHI: Singapore has emerged as the most sought after destination for foreign direct investment by Indian companies, who invested over $ 500 million there in May.
According to a study from industry body Assocham, of the total outward investment of $ 2.35 billion in May, Singapore accounted for about a fourth of the total outflows.
The US, the UK, Hong Kong, the UAE, the Philippines and Mauritius were the other favourite destinations.
While Mauritius remained the top source of FDI into India, it was not….”