India's Finance Minister Arun Jaitley will be in Singapore on Wednesday, November 15, on a two-day official visit. He will meet the Singapore Prime Minister, Deputy Prime Minister and Finance Minister during his visit, besides holding official meetings with senior fund managers and key Financial Institutional Investors (FIIs) for making investment in India.
Mr Jaitley will be accompanied by Mr Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA), Ministry of Finance. During the visit, the Finance Minister will reinforce "close ties between India and Singapore building upon a shared history, rooted in strong commercial, culture and people-to-people links," said a statement.
On November 15, 2017, the Indian Finance Minister will visit the Singapore Expo and deliver the keynote address at the Singapore Fintech Festival, a global event attracting over 10,000 participants. He will also pay a visit to the India Pavilion set up at the Expo, showcasing India's achievements in advancing financial technology.
On 16th November, Mr. Arun Jaitley will deliver the Keynote Address at Morgan Stanley Sixteenth (16th) Annual Asia Pacific Summit in Singapore on the topic of "India: Structural Reforms and Growth Path Ahead". As part of the Summit, he will meet the senior management of Morgan Stanley, and also address a gathering of Senior Fund Managers and key Financial Institutional Investors.
The Finance Minister will also meet the Deputy Prime Minister (DPM) of Singapore, Mr Tharman Shanmugaratnam to discuss the bilateral issues with him. He will also discuss investment and other issues with his Singapore counterpart and the Finance Minister Mr Heng Swee Keat. Later, he is scheduled to meet the Prime Minister of Singapore, Mr Lee Hsien Loong.
An Investors' Roundtable is being organised by the Ministry of Finance, Govt of India and the Indian High Commission in Singapore to showcase to foreign investors slew of investor friendly reforms undertaken by the Government of India and also to understand their ideas and suggestions about ramping-up investments in India.
The Roundtable will be co-chaired by Subhash Chandra Garg, Secretary DEA and Ms Tan Ching Yee, Permanent Secretary, Ministry of Finance, Government of Singapore. Indian Finance Minister Jaitley will also address the investors in the beginning.
The participants in the Investors' Roundtable include Senior Executives of Leading Institutional Investors and Business Houses in Singapore, who control significant investments globally and have either existing investments in India, or are contemplating such investments in the country in the near future.
Further, Mr. Jaitley will also have meetings with CEOs of GIC, the Sovereign Wealth Fund (SWF) of Government of Singapore, the Chairman of Development Bank of Singapore (DBS), CEO of Singapore Airlines, Chairman of Blackstone Asia Pacific and CEO of Singapore Stock Exchange among others.
Another highlight of the visit is Mr Jaitley's interaction with the Chairman and Board of Directors of Temasek, a leading investment company, headquartered in Singapore.