India & Singapore Explore Deeper Economic Ties, Focus on Innovation & Sustainability
New delhi – India and Singapore are actively working to bolster their economic partnership, with recent discussions centering on increased trade and investment, advancements in digital connectivity, and collaborative opportunities in lasting advancement. Thes key areas were addressed during a three-day official visit to Singapore by India’s commerce and Industry Minister, Piyush Goyal.
During his visit, Minister Goyal engaged with Singaporean leaders and business representatives to identify avenues for expanding bilateral trade and investment. A government statement highlighted India’s robust economic growth, its dedication to investment-focused reforms, and the meaningful potential it offers to global partners across vital sectors including manufacturing, infrastructure, financial services, and the burgeoning green economy.
Meetings with Singapore Prime Minister Lawrence Wong focused on strengthening existing trade links and exploring new collaborations in innovation and sustainable practices. Further deepening industrial and trade cooperation was the core of discussions held with Gan Kim yong,deputy Prime Minister and Minister for Trade and Industry.
A particularly promising area of collaboration discussed was the rapidly expanding Maintenance, Repair and Overhaul (MRO) sector in India. Goyal and representatives from SIA Engineering Company explored accelerating the establishment of an India-Singapore Skilling Center dedicated to training MRO professionals, in partnership with leading indian universities.
Both nations expressed a commitment to enhanced cooperation across a broad spectrum of areas, including manufacturing, infrastructure development, the transition to a green economy, the digital landscape, and financial investments. This renewed focus signals a strong desire to capitalize on the growing synergy between the two economies and forge a deeper, more sustainable partnership for the future.
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