Several companies based in Singapore have expressed an interest in setting up petrochemicals plants in the planned petroleum hubs in India, especially on the east coast. India is likely to see huge foreign direct investment (FDI) in petrochemical sector from Singapore. Singapore's total investments in 2006 amounted to US$620 mln which comprises 5.6% of all FDI into India.
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Thursday, November 22, 2007
India likely to get FDI in petrochemical sector from Singapore
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