00:00Prime Minister Narendra Modi reached Singapore on a two-day journey on Wednesday, September 4.
00:06Before landing in Singapore, he received good news for India from this small country.
00:12Actually, one of the largest real estate companies in Asia, Capital Land, will double its investment in India in the next four years.
00:20According to him, this company will invest $11.32 billion in India by 2028, i.e. more than Rs 90,000 crore.
00:30What is the news, let's know in detail in the video.
00:33The company has said that this investment in India will be done in the renewable energy and real estate sector.
00:39Let me tell you that last month, the company has launched a fund to establish a business park in India.
00:45It is expected that more than $530 million will be added to this fund.
00:50With this investment, the company's global target will be more than $150 billion by 2028.
00:57Capital Land's CEO Li Qi Kun said that the company is increasing its portfolio.
01:02Because there are better investment opportunities in India, the amount of investment here will be doubled in the next four years.
01:10Let's know about Capital Land.
01:12Actually, Capital Land Group is one of the largest real estate companies in Asia.
01:16Its headquarter is in Singapore.
01:18This company invests in projects related to real estate.
01:22The company has invested in more than 260 cities in more than 40 countries around the world.
01:28Capital Land Investment entered the Indian market 30 years ago.
01:32It made its first IT park in Bengaluru, which is now known as International Tech Park Bengaluru.
01:39Since then, Capital Land Investment has built 14 business and IT parks across the country.
01:44Which are spread over an area of 2.35 million square feet.
01:48Most of the IT parks are located in big cities such as Bengaluru, Chennai, Hyderabad, Pune, Mumbai and Gurugram.
01:54Where 2.5 million people work at the moment.
01:58Now let's know what issues PM Modi will discuss while going to Singapore.
02:03Modi has reached Singapore for the fifth time.
02:06He will meet Prime Minister Lawrence Wong here.
02:10PM Modi said that he will discuss the partnership of both countries in the new areas of advanced manufacturing, digitalization and sustainable development in Singapore.
02:20The Prime Minister is also going to meet Singapore's businessmen.
02:24And will discuss with people related to the country's semiconductor sector.
02:28In addition, there will also be a discussion on increasing bilateral relations.
02:32Singapore is one of India's largest trading partners.
02:36Which is 3.2% of the country's total trading.
02:40Financially, in 2024, import from Singapore reached $ 21.2 billion.
02:46While export was $ 14.4 billion.
02:50So PM Modi is on a trip to Singapore.
02:52And before that, a big good news has come from Singapore.
02:55The real estate company there is going to double the investment amount in India.
03:00Because the Singapore company feels that there are better investment opportunities in India at the moment.
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