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Temasek’s Teo Chee Hean lauded India’s labor and tax reforms, citing increased investor confidence and plans to expand its $50 billion investment in India.
Temasek Chairman Teo Chee Hean praised India’s economic reforms during a speech in New Delhi, highlighting the consolidation of 29 labor laws into four codes and improvements to the Goods and Services Tax as major strides in simplifying the business environment.
Speaking alongside Finance Minister Nirmala Sitharaman, he noted that these changes have boosted investor confidence and attracted long-term global interest.
Temasek, Singapore’s sovereign wealth fund, has $50 billion in cumulative investments in India and plans to expand in sectors like technology, healthcare, manufacturing, and renewable energy, reflecting strengthened economic ties and growing confidence in India’s reform-driven growth.
Temasek's Teo Chee Hean elogió las reformas laborales y fiscales de la India, citando el aumento de la confianza de los inversores y los planes para expandir su inversión de $ 50 mil millones en la India.