Nirmala Sitharaman visits Singapore for talks with its leadership and a roundtable with fund managers
9 October 2026
Union Finance and Corporate Affairs Minister Nirmala Sitharaman is on a visit to Singapore from 9 to 11 October.
She will meet President Tharman Shanmugaratnam, Prime Minister Lawrence Wong, Deputy Prime Minister Gan Kim Yong and Foreign Minister Vivian Balakrishnan.
A Roundtable with Hedge Fund and Portfolio Fund Managers and a series of Government-to-Business meetings are part of the programme.
One-to-one meetings are planned with GIC, Temasek, DBS Bank, Standard Chartered Bank, British International Investment, IHH Healthcare and MUFG.
Singapore is India's largest source of foreign direct investment, with cumulative inflows of USD 194.68 billion from April 2000 to March 2026.
The discussions cover trade and investment, digital financial connectivity, capital markets, taxation, semiconductors, advanced manufacturing, skilling and aviation.
The National Investment and Infrastructure Fund and GIFT City are cited as routes for Singaporean capital into India.
In plain words
GIC Government of Singapore Investment Corporation — Singapore's sovereign wealth fund that manages the government's foreign reserves.
Temasek Temasek Holdings (P) Limited — A Singapore state-owned investment company with large holdings in Indian companies.
NIIF National Investment and Infrastructure Fund — India's sovereign-backed fund set up to channel domestic and foreign capital into infrastructure.
GIFT City Gujarat International Finance Tec-City — India's international financial services centre at Gandhinagar in Gujarat.