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India, Singapore to hold second Ministerial Roundtable today to strengthen trade & economic ties

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The 2nd India-Singapore Ministerial Roundtable is set to start in Singapore today. During the meeting, both sides will review the entire gamut of bilateral ties and various aspects of strategic partnership. Both nations will also identify new avenues to further elevate and broaden their partnership.

External Affairs Minister Dr. S Jaishankar, Finance Minister Nirmala Sitharaman, Railways, Information and Broadcasting, and Electronics and Information Technology Minister Ashwini Vaishnaw, and Commerce and Industry Minister Piyush Goyal will attend the meeting.

The ministers today called on the President of Singapore, Tharman Shanmugaratnam and the Prime Minister of Singapore, Lawrence Wong, in Singapore.

The leaders conveyed warm greetings of President Droupadi Murmu and Prime Minister Narendra Modi to the President of Singapore.

In a social media post, Dr. Jaishankar said, India values Tharman Shanmugaratnam’s guidance on ways to further take forward the India-Singapore Strategic Partnership.

The Union Ministers appreciated Singapore Prime Minister Wong’s continued engagement with the India-Singapore Ministerial Roundtable.

A new high-level ministerial mechanism called the India-Singapore Ministerial Roundtable (ISMR) was established to chart a roadmap to take bilateral relations to a new level.

The inaugural meeting of ISMR took place in September 2022 in New Delhi. The focus areas are digital connectivity, Fintech, Green Economy, Green Hydrogen, Skill Development, and Food Security.

Akashvani correspondent reports that a new high-level ministerial mechanism called India-Singapore Ministerial Roundtable (ISMR) was established to chart a roadmap to take bilateral relations to a new level.

The inaugural meeting of ISMR took place in September 2022 in New Delhi. The focus areas are digital connectivity, Fintech, Green Economy, Green Hydrogen, Skill Development, and Food Security.

India and Singapore bilateral trade is continuously rising.

Bilateral trade expanded from 6.7 billion US dollars in Financial Year 2004-05 to 30.11 billion US dollars in 2021-22.

Singapore is India’s sixth largest trade partner with a share of 2.9 percent of India’s overall trade. Singapore continued to be the largest source of FDI into India. 

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