Indian Delegation Strengthens Trade and Investment Bonds in Singapore
An Indian government delegation, led by DPIIT Secretary Rajesh Kumar Singh, visited Singapore to enhance trade relations and attract investments. The delegation engaged in productive discussions with high-ranking government officials and participated in investor roundtables. DPIIT Secretary Singh addressed the 'India-Singapore Trade Roundtable' organized by FICCI and the High Commission of India in Singapore, fostering discussions on trade, joint ventures, technology exchanges, and partnerships.
The visit aimed at inviting investors to India and strengthening trade ties with Singapore. DPIIT Secretary Singh met with Beh Swan Gim, Singapore's Trade and Industry Ministry Permanent Secretary, emphasizing the importance of bilateral relations. The delegation also participated in an Investors roundtable on Renewable Energy and Electronics and Semiconductors, organized by Enterprise Singapore and Invest India, exploring opportunities for collaborative ventures.
Singapore ranks as India's 8th largest trade partner, with bilateral trade reaching USD 35.59 billion in 2022-23, marking an 18% growth over the previous year. The visit contributes to fostering economic collaboration, technology exchange, and potential partnerships, aligning with the shared interests of both nations.
