India’s Finance Minister holds investment talks in Singapore

Indian Union Finance Minister Nirmala Sitharaman held meetings with global investment leaders in Singapore to explore investment opportunities in India across infrastructure, financial services, AI and sustainable finance.

Minister Sitharaman met Marcus Wallenberg, Chairperson of Skandinaviska Enskilda Banken, to discuss India’s economic outlook and European investments in sectors including energy, data centres, healthcare, IT and housing finance. She also met HPS Investment Partners CEO Scott Kapnick to discuss private credit and long-term financing for Indian businesses.

Minister Sitharaman met B Capital CEO Raj Ganguly as well to discuss sovereign AI and investments in India’s AI ecosystem. She highlighted opportunities in AI services and banking applications, encouraging investments through GIFT IFSC and the National Investment and Infrastructure Fund, particularly involving pension funds.