timelets

CHENNAI – Singapore companies will invest $5 billion in several areas, including infrastructure, technology, sustainability and data centres, in Tamil Nadu, expanding the Republic’s presence in the southern Indian state.

MTI noted that Tamil Nadu is “often the first port of call for Singapore companies looking at South India, given the cultural and historical familiarity between both states”.

The state, with a population of 72 million, is the second-largest contributor to India’s gross domestic product, behind Maharashtra, whose capital is Mumbai. Tamil Nadu’s ambition is to be a US$1 trillion (S$1.33 trillion) economy by 2030, and it has been aggressive in wooing foreign investors. Its chief minister, Mr M.K. Stalin, travelled to Singapore in May 2023 to attract investments from the South-east Asian nation.

https://www.straitstimes.com/asia/south-asia/singapore-companies-to-invest-5-billion-in-india-s-tamil-nadu-state

A lot of it is prob laundered Indian grey money, but importantly they are not going to China any more.