Prime Minister Narendra Modi met Lawrence Wong, Prime Minister of Singapore today at the Parliament House, Singapore during which they decided to elevate the relationship to a Comprehensive Strategic Partnership. This would also give a major boost to India’s Act East Policy.

PM Modi arrived at Singapore on Wednesday from Brunei Darussalam and will return to India today.

The Minister of External Affairs informed that taking stock of the robust progress in economic ties, PM Modi and PM Wong called for further expanding trade and investment flows between the two countries. Modi highlighted that Singapore, with an investment of around USD 160 billion in the Indian economy, is a leading economic partner for India. He further noted that rapid and sustained growth in India has opened up immense investment opportunities for Singaporean entities.

They also reviewed existing cooperation in the fields of defence 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 leaders called for accelerated action under the pillars of cooperation identified during the Ministerial Roundtables – Advanced Manufacturing, Connectivity, Digitalization, Healthcare & Medicine, Skills Development and Sustainability. They also underscored that the cooperation under these pillars, particularly in the areas of semiconductors and critical and emerging technologies, opens a new chapter in bilateral relations making our ties future oriented.

Both leaders witnessed exchange of MoUs for cooperation in Semiconductors, Digital Technologies, Skill Development and Healthcare.