India–Singapore relations - Wikipedia
India-Singapore Relations. The close ties between India and Singapore have a history rooted in strong commercial, cultural and people-to-people links. India's. Singapore needs India for security partnership, but China for economic ties. Bilateral naval ties in the spotlight this week amid RSN50 celebrations. Prime Minister Narendra Modi today hailed the "warmest and closest" relationship between India and Singapore, saying the future is a world of.
He also said the India-Singapore Comprehensive Economic Cooperation Agreement has been reviewed and the two sides will work to further upgrade it. Modi said that in many area of India's development priorities, Singapore is a key partner: And, now we are building new partnerships for the digital world," he said, adding they will be the bridge of innovation and enterprise between India, Singapore and ASEAN.
Together, we can build a great economic partnership of the new age," he added. Modi said Singapore may be a small island, but its horizons are global.
India, Singapore relations 'warmest and closest': PM Narendra Modi - The Economic Times
But, Singapore's success also lies in the harmony of its multi-cultural society, in the celebration of its diversity, which under-lies a distinct and unique Singaporean identity, he said. Modi said that as Singapore shapes a new future for itself, India emerges as the new global frontier of opportunities.
We intend to stay that-way. Our economy has become more stable.
Fiscal deficit is down. Inflation rate is down. Current account deficit is comfortable. The currency is stable.
The foreign exchange reserves are at a record high," he added. A 'New India' is taking shape. And, there are many reasons for it. Political engagement is regular. Defence relations are particularly strong.
Economic and technological ties are extensive and growing.
Singapore, India to deepen economic, defence ties, Singapore News & Top Stories - The Straits Times
Cultural and human links are very vibrant. There are more than 20 regular bilateral mechanisms, dialogues and exercises. Agreements concluded between India and Singapore reflect the growing overall cooperation, which provides a larger framework for activities between the two Governments, commercial and people-to-people exchanges.
Intwo sides maintained the momentum of institutional exchanges as well army, navy and air force exercises. More than 20 ships, aircraft and submarines from both Navies participated. India and Singapore share similar concerns about the challenges posed by terrorism and extremism and have found it mutually beneficial to evolve a broad framework of security cooperation.
Scale up Trade and Investment: The sectors which attracted investments include Information Technology, real estate, manufacturing, construction, renewable energy and pharmaceuticals.
SGX has also hosted several high profile Masala Bonds.
Singapore, India to deepen economic, defence ties
About Indian companies are registered in Singapore. More than companies from Singapore are registered in India.
The second edition of InSpreneur featured an exhibition of 31 startups from India and Singapore, which also had the opportunity to interact with the two Prime Ministers.
The Air Services Agreement was revised in and MoU on bilateral air services arrangements was signed in Singapore is directly connected to 18 Indian cities by 8 airlines. There are now weekly services weekly flights by Indian and Singaporean airlines. Inabout 1. A consortium of Singapore companies is developing Amaravati, new capital city of Andhra Pradesh. Singapore is also working with Rajasthan in preparing Concept Plans for townships in Udaipur and Jodhpur; with Himachal Pradesh for developing an integrated township of Greater Shimla; and with Maharashtra for development of Orange Smart City and master planning of Pune Metropolitan Region.
There is also cooperation in capacity building in urban planning sector. Singapore is working with the Central and state Governments as well as Government organisations to establish skill development centres in various sectors.
During the visit of PM Modi in May-Junefive agreements on skill development were concluded, including setting up of first Indian Institute on Skills, and a chain of National Trainers and Assessors Academies in India as well as in the area of future skills.
There are regular visits of state delegations at various levels to Singapore.Bilateral agreement renewed for Singapore Army to train, exercise in India
Ministers from Singapore also visit states. Investors Summit in October Cultural Cooperation Cultural exchanges include performing arts, theatre, museum exchanges, art, languages, and youth exchanges.
Regional and community based organizations are also active in promoting language teaching, yoga and arts.