Kolkata: Investment in Bengal featured in discussions as Union minister of commerce and industry Piyush Goyal held a meeting with Singapore Business Federation (SBF) on Friday in Singapore. The meeting, to increase India-Singapore business engagement, was attended by SBF chairman Mark Lee, SBF (India Business Council) chairman Prasoon Mukherjee, among others.Mukherjee said his group Universal Success Enterprises (USEL) is committed to investing in Bengal and other states in infrastructure and logistics.“Emphasised the vital role of our business communities in driving stronger economic partnerships, fostering greater collaboration & unlocking new opportunities for businesses in both countries,” Goyal later wrote in a social media post. Lee stressed the need for strengthening ties with India.Singapore was India’s largest source of foreign direct investment (FDI) in FY2025-26, accounting for $19.8 billion in inflows, according to the commerce ministry. The cumulative FDI from Singapore stood at $194.7 billion between April 2000 and March 2026.
