India and Singapore are working on the bilateral use of online payment, but there is a long way to go for the two countries to link their economies and smart cities digitally, Singapore's Deputy Prime Minister Tharman Shanmugaratnam said today.
"(Air connectivity) is how a lot of growth is spurred. Because it's not just about the number of people you carry, it's the fact that they are also coming with business, with investments," he said.
"We have within ASEAN a strategy now of developing more smart cities and linking them up in a network. This is one of the initiatives of Singapore as a chair of ASEAN this year," Channel News Asia quoted Tharman as saying.
He said India had embarked on its own strategy of developing smart cities.
Singapore and India are working on bilateral use of online payment using National Electronic System and using system such as Rupay and Singapore Network For Electronic Transfers (NETS) in both countries, he said.
"But there is a long way to go to link our economies and link up our smart cities digitally," Tharman said.
"Make in India has to be make in India for the world and India. It has to be an external orientation because of those supply side benefits of constant learning that come with making for the world and having the world make with you," he said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)