India Singapore sign 4 MoUs to deepen economic ties  

 India and Singapore have exchanged four Memorandums of Understanding for cooperation in the fields of health and medicine, education and skill development, digital technologies, and the India-Singapore Semiconductor Ecosystem Partnership. The two countries also agreed to elevate their ties to a Comprehensive Strategic Partnership, which would give a major boost to India’s Act East Policy. This was decided after delegation-level talks between Prime Minister Narendra Modi and his Singaporean counterpart, Lawrence Wong, today. During the talks in Singapore, both leaders reviewed the progress of bilateral relations. Taking stock of the robust progress in economic ties, the two sides called for further expanding trade and investment flows between the two countries. Prime Minister Modi highlighted that Singapore, with an investment of around 160 billion US dollars in the Indian economy, is a leading economic partner for India. He further said that rapid and sustained growth in India has opened up immense investment opportunities for Singaporean entities. Both Prime Ministers also reviewed existing cooperation in the fields of defense and security, maritime domain awareness, education, AI, fintech, new technology domains, science and technology, and knowledge partnership. The two leaders called for strengthening connectivity between the countries to enhance economic and people-to-people ties. They also called for acceleration in green corridor projects. The two leaders discussed the outcome of the 2nd India-Singapore Ministerial Roundtable held in Singapore last month. Their discussion also covered the celebration of the 60th anniversary of bilateral relations in 2025. During the meeting, the leaders also exchanged views on important regional and global issues of mutual interest, including India-ASEAN relations and India’s vision for the Indo-Pacific.