Advertisement

Updated April 5th, 2021 at 22:35 IST

Singapore stock exchange to open office at GIFT City

Singapore's High Commissioner Simon Wong leading a high-level delegation from his country paid a courtesy call on Gujarat Chief Minister Vijay Rupani here on Monday.

| Image:self
Advertisement

Singapore Stock Exchange (SGX) will be establishing its offshore office at Gujarat International Finance Tec-City (GIFT-City) in Gandhinagar, an official release said on Monday.

Singapore's High Commissioner Simon Wong leading a high-level delegation from his country paid a courtesy call on Gujarat Chief Minister Vijay Rupani here on Monday.

The Singapore delegation is in Gujarat to complete the establishment of the offshore office of the Singapore Stock Exchange (SGX) at the GIFT City by April-end, the release said.

Wong extended an invitation to the Chief Minister to the inaugural function, which he accepted, the release said.

Wong was of the opinion that SGX office here will encourage many more subsidiary companies from Singapore establish their offices at GIFT City.

He said that FDI inflow to Gujarat from Singapore was USD 1 billion in the last financial year, prominent among them being Sembcorp Industries, a global leader in renewable energy having commissioned renewable (wind) energy project in Bhuj.

Singaporean companies would like to invest in Food Processing, Housing, Fisheries, Financial Services sectors in Gujarat, he added.

Rupani said that Gujarat is committed to establish GIFT City as a world-class investment centre for financial and technological companies on the lines of Singapore and Dubai.

He told the delegation that Gujarat is a leading state to attract FDI in India, while Singapore is the second largest contributor of FDI inflow into Gujarat in the last financial year. 

Advertisement

Published April 5th, 2021 at 22:35 IST

Your Voice. Now Direct.

Send us your views, we’ll publish them. This section is moderated.

Advertisement
Advertisement

Trending Quicks

Roster implementation for pilots
a few seconds ago
Eknath Shinde
a few seconds ago
High-net-worth women show a nuanced approach to wealth with interest in alternative investments and cautious risk tolerance.
5 minutes ago
Chandrakant Pandit and Gautam Gambhir
13 minutes ago
Finance Minister Nirmala Sitharaman
15 minutes ago
UFC Exclusive Erin Blanchfield
19 minutes ago
Shahjahan Sheikh in CBI Custody: First Visual Emerges | WATCH
21 minutes ago
Congress Kangana Ranaut
25 minutes ago
Bengaluru Traffic Restrictions For Feb 25 Owing to Constitution Awareness Campaign: Check Routes
29 minutes ago
Advertisement
Advertisement
Advertisement
Whatsapp logo