Singapore has consistently been a friend of India in the region, and has advocated for partnering with India...CECA 3.0 here we cum

[k1976]

India's Modi expected to usher in new era of bilateral agreements in Singapore visit​

Published Tue, Sep 3 2024 9:48 PM EDTUpdated Wed, Sep 4 2024 12:50 AM EDT

Charmaine Jacob
@charmainemjacob@in/charmainemariajacob
WATCH LIVE

KEY POINTS

• Singapore is India's sixth-largest trading partner and top source of foreign direct investment.
• "There are going to be some further steps announced in the areas of mutual collaboration. I expect quite a few of them to come in the field of finance, technology and business. They have been the cornerstones of the India-Singapore operation," said Amitendu Palit of the Institute of South Asian Studies.
• Indian Prime Minister Narendra Modi has also visited Italy, Russia, Ukraine, Poland and Brunei in the last three months since his reelection.

Indian Prime Minister Narendra Modi during the launch of BJP membership campaign on Sept. 2, 2024 in New Delhi, India.
Hindustan Times | Hindustan Times | Getty Images
Indian Prime Minister Narendra Modi is set to meet his Singapore counterpart Lawrence Wong this week marking his first trip to the city-state since he won a historic third term in office in June.
Modi will also be meeting Singapore President Tharman Shanmugaratnam, Senior Minister and former Prime Minister Lee Hsien Loong, and Emeritus Senior Minister Goh Chok Tong during his two-day visit.

 

[k1976]

"Singapore has consistently been a friend of India in the region, and has advocated for partnering with India," Anit Mukherjee, a senior lecturer at King's College London, told CNBC. "India would want to emulate this exemplary bilateral partnership with other countries in the region."
The country is India's sixth largest trading partner, with 3.2% share of India's overall trade. Imports from Singapore in financial year 2024 amounted to $21.2 billion, while exports totaled $14.4 billion.
Asia's biggest financial hub is also the largest source of foreign direct investments into India. Cumulative FDI inflows from Singapore to India stood at almost $160 billion from April 2000 to March 2024, amounting to almost a quarter of total FDI inflows to the South Asian nation.
Mukherjee also added that after Modi's trips to other continents this year, he wants to "drive home the point that he is not ignoring Southeast Asia."

India's Prime Minister Narendra Modi reviews the honour guard upon arrival at the Brunei International Airport in Bandar Seri Begawan on September 3, 2024.

 

[k1976]

Earlier this week, the Indian prime minister made his inaugural trip to Brunei where he met Sultan Hassanal Bolkiah. Modi is India's first prime minister that has made a bilateral visit to the oil-rich country.

During his visit, Modi inaugurated the new Chancery premises of the High Commission of India in Brunei and paid a visit to the Omar Ali Saifuddien Mosque in Bandar Seri Begawan.

The Indian prime minister had also visited Italy for the G7 summit, Russia, Ukraine and Poland in the last three months since his reelection.

 

[k1976]

For example, the payments linkage between Singapore's PayNow and India's Unified Payments Interface since 2023 has allowed people from both countries to send and receive funds between bank accounts in real-time.

"More schemes similar to this could be announced. And even if they are not, the first step of that cooperation will be firmly embedded in the upcoming meeting," Palit predicted.

He added that there will unlikely be major announcements relating to trade between the two countries.

"The trade relationship is already very stable. Singapore has not just been an important bilateral partner for India trade, but has also acted as a gateway for India into Asia-Pacific and Southeast Asia."

 

[k1976]

https://www.google.com/amp/s/www.th...gapore-two-day-visit/article68604515.ece/amp/


Mr. Modi will also meet with Singaporean business leaders and interact with those in the country’s semiconductor ecosystem.

This visit will build synergies in semiconductor ecosystems of Singapore and India. Both PMs will visit a semiconductor manufacturing facility, officials said.

They said MoUs will be signed for cooperation in manpower skilling in the semiconductor sector.

From skilling centres to training and recruitment by Singapore firms, this will help India’s youth with better skills and opportunities, officials added.

 

[Eisenhut]

Get your mother, wife , girlfriends, daughters all ready for more lapes !

 

[k1976]

Get your mother, wife , girlfriends, daughters all ready for more lapes !

Need to have Gin Skill Future Conversion Course for Sinki Bu

 

[dr.wailing]

I'm so happy for more CECA people to come to Sinkieland to raise the local GDP and birth rate.

Sinkieland must spread open her legs wide, wide to welcome them.

 

[lostvirgin]

Get your mother, wife , girlfriends, daughters all ready for more lapes !

No chance, all the filthy indians will enter Batu Cave.

 

[Pinkieslut]

Great news! Low ses no talent Sinkies can F off!

 

[mahjongking]

 

[bigozt]

Being friends with !ncred!le !nd!a counters having to bend over for Pooh and his Chinese Chauvinist Communists. Sinkies speak Chinese but half the time can't even understand what Tiongs toking about.