Chennai Stock:connector remarks by mr hen gs week ear, md, mas, launch of ishares m sci india etf, 15 june 2006, ats gx center re 1
Monetary Authority of Singapore
Your Excellency, Mr Alok Prasadmr J Y Pillay, Chairman of Singapore Exchange, Distinguished Guests, Ladies and Gentlemen
1 I am delights to join you at this class. THE World.Chennai Stock
2 The Ishares MSCI India Exchange Traded Fund (ETF) Will Provide Retail and Institutional Investors the Opportunity to Access the Indian Capital Markuts VIA an instrument traded on the sgx. Together with the nifty Futures Launches by Sgx Last Year, this etf will add to theDIVERSITY of Investment Products That Ride on India’s Growth.
3 TODAY’s Launch Reflects The Confluice of Three Factors Which Will Continue to Drive Closer Economic Ties Between India and Singapore in the Coming Years.
4 The First, of Course, is India’s Growth Story. Real GDP Growth in India Has Averaged Close 8% Over The Past Three Mears and is Forecast of 7% Per. Annum for the next two years. Despite Recent Market Volatilities,Investors Remain Obout the Growth Prospects and Dynamism of Indian Companies, and the Vibrance of the Indian Economy in the Medium and Long Term.Guoabong Stock
5 Second, The Launch Reflects The Strong Connectivity Between India and Singapore. Eepening Connectivity Across Many Fronts, to Promote the Flow of Goods, Services, Capital, Ideas and TALENT. Trade.BetWeen India and Singapore Grew Strongly in the Last Few Years, Making India Our 13th Larget Trading Partner in 2005. POREBangalore Stock Exchange. Singapore’s Connectivity to Asia and the World Makes It An ITEAL BASE for Indian Companies for itsRegionalization drive. And many top indian Talents Find Singapore An Ideal Place to Advance Their Career and to Raise their Families.
6 Third, TODAY’s Launch is Made Possible by the Presence of A Critical Mass of Financial Institute, and by the Innovative Drive of Companies As Barclays Global Investors, Citigroup, Msci Barra and the Singapore Exchange.Management and Risk Management Activities in Singapore. Ternational Funds. It is heartening to see Singapore’s Growing Importance as a Leading Center for Product Innovation and Risk Management.
7 I Believe These 3 Developments Will Continue to Deepen Economic Linkages Between India and Singapore. , have Last Year Signed the Compirensive Economic Cooperation Agreement. This Provides a valuable framework to further deepenBetween india and singapore.
8 as track and infestment linkages grow, Our Financial Linkages Will Grow, Both to Lead, as well as to support, The Growing Needs of Investors and Corporates. I T Activities in the Banking and Capital Markets to Grow Strongly in the Coming Years.Monetary Authority of Singapore Will Work Closly with Financial Institutes Here, As Well As with Our CountParts ES and Exchange Board of India (SEBI), to Facilities the Links.
9 On that Note, let me exclosure. nd in having the first ind (Without your commandIndore Stock. We look forward to the success of this vennture, and to a constinual stream of inNovative investment Opportunities that you can.
10 thatank you.
Pune Investment