India and Singapore have set a target to double its bilateral trade volume by 2015. Briefing reporters following a comprehensive economic co-operation agreement review within the two countries in New Delhi today, Union Commerce and Industry Minister, Mr. Anand Sharma said that at present the bilateral trade volume is 16 billion dollars which is to be doubled to 32 billions in next five years. Mr. Sharma said that the comprehensive economic co-operation agreement signed was signed between the two countries in 2005 and reviewed in 2007. The second review will be done in time-bound manner for greater degree of clarity. Mr. Sharma said that India looks at Singapore as a financial hub to source inflow of capital in the infrastructure sector in the following years. He also invited Singapore investors to invest in Delhi-Mumbai Industrial Corridor across six states covering 230 million populations involving a cost of 90 billion dollar.<br/>
News On AIR | May 11, 2010 2:14 PM
India, Singapore to double its bilateral trade volume by 2015