The Finance Ministry has cleared 27 foreign direct investments recommended by the Foreign Investment Promotion Board (FIPB) worth USD 225 million primarily in telecom, infrastructure, and insurance. These proposals are in response to the thrust areas of this year’s budget. The Commerce Ministry also indicated that India and Singapore will review the Comprehensive Economic Cooperation Agreement (CECA) to identify areas where the two countries can improve bilateral trade and investments. Currently, investment from Singapore into India is paltry and has not reached the potential it should have.