Addressing institutional investors in Singapore at an event organised by Indian firm ICICI Securities, Indian Petroleum Minister Dharmendra Pradhan in September highlighted the potential of the huge Indian market and said he was happy with the interest shown by foreign investors. “Addressed Institutional Equity Investors, organised by ICICI Securities, in Singapore,” Pradhan tweeted. “Had an interactive meeting with potential investors from Singapore; many of them have experience of working in India,” he said in a separate tweet. “Addressed Media about ‘Destination India’; happy to see their interest in Indian energy sphere and big market,” he added in another tweet. Pradhan arrived here to lead the country’s road shows to attract foreign investors in exploiting its discovered small oil and gas fields. “Addressed road show on small discovered blocks in Singapore. About 200 delegates and potential investors participated in it,” Pradhan tweeted, on what was his first engagement. He will go to the UK later.
“Singapore is a global hub for trading of petroleum, petrochemical products and oil service equipments. There can be good synergy between the two countries. It is also a major financial centre in Asia from where FDI and foreign equity investors can invest in Indian oil and gas sector.”
Highlighting how with its huge market India is a great destination for investors, the minister also tweeted: “Will also meet investors and technology companies in Oil and Gas sector.”