India and Singapore also inked three pacts, including one in the field of defence and security after the comprehensive and "fruitful" discussions on international, regional and bilateral issues between the two Prime Ministers.
Noting that Singapore was not only India's foremost trading partner in ASEAN but also a major sources of FDI inflows, Singh said "we agreed to expedite the conclusion of the ongoing second review of the Comprehensive Economic Cooperation Agreement that would further facilitate trade in goods and services and investment.
"In this context, I assured Prime Minister Lee of India's commitment to reinforce its status as as investment-friendly country and expressed my hope that Singapore companies would look at India as a valued investment destination in the current scenario," Singh said at a joint press event.
Earlier, during a meeting, organised by the business chambers here, Lee said "I think India's environment is complicated."
The Singapore Prime Minister, who is on a three-day visit to India, also said when investors take a decision they want stability and "they want to have reliable partner. They look at the prospect and possibilities. That's the way all businesses happen." He was answering a question on how to improve business climate in India. MORE
