Page 3 - Singapore-india

PM Modi's Singapore visit important for trade deals, says MEA Secy

Mazumdar said that PM Modi is also likely to exchange MoUs in Singapore

PM Modi to visit Singapore soon; semiconductors new addition to agenda

The high-level meeting between senior ministers of India and Singapore has set the stage for Prime Minister Narendra Modi's visit to the city-state that will happen soon, its Foreign Minister Vivian Balakrishnan has said. Senior ministers from the two countries held a "productive" round of discussions at the second multi-ministerial roundtable here and explored how the two countries can boost bilateral cooperation in digital, skill development, sustainability, healthcare, connectivity and advanced manufacturing. This was the second time that ministers from Singapore and India met at the India-Singapore Ministerial Roundtable (ISMR) after its inaugural edition was launched in September 2022 by then Deputy Prime Minister Lawrence Wong during a five-day visit to India. Balakrishnan said advanced manufacturing and semiconductors, as well as aviation and maritime connectivity, are the new areas that Singapore and India have added to a high-level platform for discussing ways to enhance ..

India, Singapore discuss bilateral, int'l issues of mutual interest

Ties between India and Singapore have a history rooted in strong commercial, cultural, and people-to-people links

India, Singapore well positioned to create change: Prez Shanmugaratnam

India and Southeast Asia are well positioned to create a new era of opportunity, equity and sustainability, despite the resurgence of industrial policies among the major economies, Singapore President Tharman Shanmugaratnam said on Thursday. Working with other responsible middle powers, both regions have the ability to strengthen multilateralism, which, despite its imperfections, has been an arrangement that has served nations both rich and poor well for decades, he said at a dinner celebration of the 20th anniversary of the Institute of South Asian Studies (ISAS), a think tank of the National University of Singapore. Tharman also expressed optimism that Singapore-India relations will continue on an upward trajectory. Industrial policies such as tax breaks and subsidies to promote specific industries domestically are returning at a rate not seen since the 1960s and 1970s, despite having largely failed then, Tharman noted. For instance, the International Monetary Fund tabulated 2,50

India receives highest FDI from Singapore in 2023-24, Mauritius follows

India received the highest foreign direct investment (FDI) from Singapore in 2023-24 even as overseas capital inflows into the country contracted by about 3.5 per cent due to global economic uncertainties, according to the latest government data. Though FDI from Singapore has dipped by 31.55 per cent to USD 11.77 billion in 2023-24, India has attracted the maximum inflows from that country, the data showed. During the last fiscal, FDI equity inflows decreased from major countries, including Mauritius, Singapore, the US, the UK, UAE, Cayman Islands, Germany, and Cyprus. However, investments increased from the Netherlands and Japan. Since 2018-19, Singapore has been the largest source of such investments for India. In 2017-18, India attracted the maximum FDI from Mauritius. According to experts, after the India-Mauritius tax treaty amendment, Singapore has emerged as the preferred jurisdiction for investment in India. Rumki Majumdar, Economist, Deloitte India, said that as one of t

IIT-IIM graduates act as big talent pool: Singapore PM Lee Hsien Loong

Singapore, which scouts talent globally, has the biggest concentration of graduates from the Indian Institutes of Technology (IIT) and the Indian Institutes of Management (IIM), said Prime Minister Lee Hsien Loong, who will step down as head of the government on May 15. They are the top institutions in India, and securing a place in them is comparable to getting into the Massachusetts Institute of Technology, Stanford University or Harvard University, he said in a wide ranging interview. The professionals from there (IIT-IIM Alumni) have formed associations in Singapore and hold functions from time to time. "If I can get such a pool, come here and work here, it is a tremendous plus for us." Citing the community of workers from India here now, Lee said Singaporeans notice their influx as the numbers are "not small". However, they are talented individuals and are very valuable to Singapore, and "we should welcome them as we manage the flow". The prime minister highlighted the qualit

Singapore-India ties to flourish under incoming PM Wong, says SICCI

Singapore's ties with India will continue to flourish under the leadership of the country's incoming Prime Minister Lawrence Wong who will be sworn in on May 15, the Singapore Indian Chamber of Commerce and Industry (SICCI) has said. "As Prime Minister Lee Hsien Loong prepares to hand over (leadership of the city-state) to his successor, Deputy Prime Minister Lawrence Wong, we are confident that Singapore-India ties will continue to flourish, said SICCI Chairman Neil Parekh on Saturday night at the centenary celebrations of the chambers. "This is all the more so since DPM Lawrence Wong co-chaired the India-Singapore Ministerial Roundtable, which has set the stage and the tone for long-term ties between our two countries," he said at the SICCI centennial celebration gala dinner. Singapore President Tharman Shanmugaratnam was the guest of honour at the dinner attended by some 700 business and community leaders from the prosperous Asian financial centre. SICCI is also a vital partner

India-Singapore bilateral trade grows 18.2% to $35.6 bn in FY 2022-23

The bilateral trade between Singapore and India rose to USD 35.6 billion in 2022-23, a growth of 18.2 per cent on the year, a senior diplomat at the Indian High Commission here said on Saturday. Singapore is India's eighth largest trade partner (2022-23), with a share of 3.1 per cent of India's overall trade, T Prabakar, the First Secretary (Commerce) at the high commission said. He was addressing the Institute of Company Secretaries of India (ICSI) Third International Conference being held in Singapore from April 5-6. Trade between Singapore and India saw a growth of 18.2 per cent in the year and rose to USD 35.6 billion in 2022-23, Prabakar said. Our imports from Singapore in FY 22-23 were USD 23.6 billion, a growth of 24.4 per cent, and exports to the city-state totalled USD 12 billion, up 7.6 billion in the previous financial year," he told some 100 delegates at the conference. In terms of India's exports, Singapore is the sixth largest export destination in the world, and in

EAM Jaishankar meets Malaysian counterpart, discusses bilateral ties

External Affairs Minister S Jaishankar held a "productive and frank" discussion with his Malaysian counterpart Mohamad bin Haji Hasan here on Wednesday on enhancing collaboration on political, economic, defence and people-to-people linkages between the two countries and also discussed regional and international issues. Jaishankar is in Kuala Lumpur on the third and last leg of his three-nation tour to Singapore, the Philippines and Malaysia. He met the Malaysian Foreign Minister Hasan here and held a "productive and frank discussion, including exchanging views on the multifaceted dimensions of Malaysia-India bilateral affairs as well as regional and international issues of mutual interest," the Malaysian Ministry of Foreign Affairs said in an official statement. "Delighted to meet FM @tokmatn9 to begin my visit to Malaysia," Jaishankar said in a post on X. "Exchanged views on enhancing collaboration in political, economic, defence, digital, startups, consular and p2p ...

Will bring more investments from Singapore into India: Envoy Shilpak Ambule

The Indian High Commission here is working to get more and more investments into India's burgeoning economy led by aggressive progress being made in infrastructure, renewable energy and advanced technology space, envoy Shilpak Ambule has said. The High Commissioner listed three factors driving the growth saying for India, it will be a green growth with the development of renewable energy, while digital infrastructure has been put in place for smoother flow of economic activities and thirdly it will be sustainable growth. "We are very much committed to getting more investments from Singapore into India which is a growth story," the High Commissioner said at the '2024 Budget Analysis Singapore and India' event here on Tuesday evening. He also highlighted the wide range of economic activities driving the India growth story like continuing efforts on skilling youths, development of advanced technologies like semiconductors and efforts towards the growth of rural economy and empowering

Govt delegation visits Singapore to boost bilateral trade, collaboration

An Indian government delegation has visited Singapore to bolster trade relations and attract investment to the country. The delegation, led by Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh, engaged in productive discussions with high-ranking government officials in Singapore and participated in investor roundtables on Monday. Singh also addressed the India-Singapore Trade Roundtable on the Food and Machinery Sector, organised by the Federation of Indian Chambers of Commerce & Industry (FICCI) and the High Commission of India in Singapore, in partnership with the Singapore Business Federation. The event served as a platform for Indian and Singaporean businesses to explore avenues for enhancing trade, joint ventures, technology exchanges, and partnerships, a FICCI official said on Tuesday. The visit of the delegation was aimed at inviting investors to India and enhancing trade ties between India and Singapore, the official said. Singh .

India, Singapore pact in climate finance has promising future: NITI Aayog

The cooperation between India and Singapore in the field of green finance has a promising future, NITI Aayog Vice Chairman Suman Bery has said, asserting that the two countries can work within the framework laid out in the G20 New Delhi Leaders' Declaration on sustainable finance. The three-day Singapore visit of the National Institution for Transforming India (NITI) Aayog's vice-chairperson came under the Distinguished Visitors Programme (DVP) of Singapore's Ministry of Foreign Affairs. It aimed to strengthen bilateral ties and foster mutual cooperation across all levels, according to the foreign affairs ministry here. India and Singapore can make something quickly and important happen in terms of green finance-climate finance within the framework that has been laid out in the New Delhi Leaders' Declaration on sustainable finance, he said after concluding the visit to understand thinking among planners in the city-state. Adopted on September 9 last year, the G20 New Delhi Leaders'

Jyotiraditya Scindia flags off direct flights between Pune and Singapore

The Vistara flight which started from 2nd December will operate on Monday, Wednesday, Friday and Sunday

Indian Army chief Gen Naravane meets Singapore's top military leadership

India and Singapore on Tuesday reaffirmed their strong and long-standing defence ties as Indian Army chief General M M Naravane held talks with top Singaporean military leadership and discussed the roadmap to further enhance bilateral military cooperation. The Chief of Army Staff, who is on a three-day visit to the city-state, called on Singapore's Minister for Defence, Dr Ng Eng Hen, and discussed regional geopolitical developments. In the meeting, "the strong & long-standing bilateral defence relationship between both Nations was reaffirmed," the Indian Army's Additional Directorate General of Public Information (ADG PI) tweeted. Gen Naravane also called on Singapore's Army chief Brigadier General David Neo after inspecting the Guard of Honour at the Ministry of Defence and discussed "the roadmap to further enhance defence cooperation between both nations," it said. He complimented the Guard for an "impeccable turnout and parade". After meeting the top military leadership, he ...

Singapore hopes India ban on Sea's game 'Free Fire' can be resolved quickly

"'Free Fire' is a gaming app owned by Sea Ltd, a leading technology company founded and headquartered in Singapore. We hope that this matter can be resolved expeditiously," the MTI said.

PM Modi meets Singapore counterpart, discusses climate change, Covid

The two leaders discussed ongoing efforts to contain the Covid-19 pandemic through expedited vaccination efforts and ensuring supply of critical medicines, a statement from the MEA said.

Indian woman jailed for cheating people up to 600,000 Singapore dollars

A 42-year-old Indian women has been sentenced to over six years of jail for cheating people up to 600,000 Singapore dollars

Modi's 2018 Singapore visit enhanced India's ASEAN profile: Indian envoy

High Commissioner Jawed Ashraf served in Singapore for 43 months and will now move to France

Covid-19: Singapore to send 78 tonnes of relief materials to India

With 1,990 more COVID-19 cases reported in the last 24 hours, India's count of coronavirus cases has reached 26,496

AP govt ends tie-up with Singapore consortium, scraps Amaravati project

Singapore govt says closure based on mutual consent between AP govt and Singapore Consortium, as former had "other priorities for the state"