India-Singapore Economic Partnership Grows with New MOUs and Investments
Politics

India-Singapore Economic Partnership Grows with New MOUs and Investments

Prime Minister Narendra Modi met with Singaporean CEOs and other prominent business leaders to explore opportunities to strengthen economic ties between the two countries. He asserted that he believes India’s reforms to boost investment and innovation will strengthen bilateral ties.

In a post on X, PM Modi said, “Interacted with top business leaders and CEOs in Singapore. We discussed ways to enhance economic linkages, focusing on reforms that will encourage investment and innovation.”

Goh Chok Tong, Singapore’s Emeritus Senior Minister and former prime minister was also a guest of honour during Prime Minister Modi’s visit. They discussed the potential for increased cooperation between India and Singapore in length. To ignite the “India Fever” in Singapore, PM Modi praised Goh’s expertise and acknowledged his value to the country.

The most important result of the visit was the opening of an Invest India Office in Singapore, which will assist investors from Singapore in a variety of industries. The program, according to Jaideep Mazumdar, MEA Secretary East, is well-timed because it gives CEOs a better understanding of the investment climate in India.

In addition, four MOUs were inked, addressing collaboration in the areas of digital technologies, education, healthcare, talent development, and semiconductors.