Indian Prime Minister Narendra Modi has unveiled plans to establish an Invest India Office in Singapore, designed to support Singaporean investors across various sectors, according to the Ministry of External Affairs (MEA). MEA Secretary East, Jaideep Mazumdar, highlighted the 'rapid and transformative opportunities' in India, suggesting that now is the ideal moment for Singapore's top CEOs to gain direct insights from PM Modi about India's offerings.
During his two-day visit to Singapore, PM Modi engaged in numerous meetings and interactions. Four Memorandums of Understanding (MOUs) were signed, focusing on areas such as the semiconductor ecosystem, digital technologies, skill development and education, and healthcare. These MOUs align with four of the six pillars identified at the recent India-Singapore Ministerial Roundtable, which set the stage for future bilateral cooperation.
Mazumdar also announced PM Modi's decision to set up an Invest India Office in Singapore, aimed at boosting trade and investment by assisting Singaporean investors in diverse fields. Later in the day, PM Modi met with CEOs of leading Singaporean companies with significant investments in India, discussing opportunities to expand their presence.
Prime Minister Modi also visited AEM Holdings, a prominent Singaporean company in the semiconductor and electronics sector. He was briefed on AEM's global role in the semiconductor value chain and its plans for India. The visit included interactions with interns from both India and Singapore, who had undergone skill training under bilateral programs.
In terms of cultural and people-to-people ties, both countries discussed enhancing flight connections and PM Modi announced the establishment of the first Thiruvalluvar Cultural Centre in Singapore. Bilateral relations were elevated to a Comprehensive Strategic Partnership, reflecting the deepening ties between the two nations.
Earlier in the day, PM Modi met with Singapore President Tharman Shanmugaratnam and attended a lunch hosted by Senior Minister Lee Hsien Loong. He also held bilateral talks with Singapore PM Lawrence Wong at the Parliament House, during which they reviewed the progress of India-Singapore relations and exchanged four MOUs. PM Modi extended an invitation to PM Lawrence Wong to visit India, which was accepted.
