The deliberations occurred on the third India-Singapore Ministerial Roundtable (ISMR) in New Delhi.
Exterior Affairs Minister S Jaishankar, Commerce Minister Piyush Goyal, Finance Minister Nirmala Sitharaman and Electronics and Data Expertise Minister Ashwini Vaishnaw held the ISMR with six Singaporean ministers.
The Singaporean delegation was led by Deputy Prime Minister and Minister for Commerce and Trade Gan Kim Yong and comprised Nationwide Safety and Dwelling Affairs Minister Ok Shanmugam, Overseas Minister Vivian Balakrishnan, Digital Improvement and Data Minister Josephine Teo, Minister for Manpower Tan See Leng and Performing Minister for Transport Jeffrey Siow.
“The ISMR had a productive interplay with the India Singapore Enterprise Roundtable #ISBR delegation. Synergy between Authorities & Trade is vital to unlocking the subsequent section of India-Singapore ties,” Jaishankar mentioned on X.
The inaugural ISMR was held in New Delhi in September 2022 and the second assembly was held in Singapore in August 2024.India-Singapore relations have been elevated to complete strategic partnership throughout Prime Minister Narendra Modi's go to to the nation in September final yr.Singapore is India's largest buying and selling associate in ASEAN (Affiliation of Southeast Asian Nations). It's the main supply of FDI, among the many largest sources of exterior industrial borrowings and international portfolio funding.Singapore was India's sixth-largest buying and selling associate within the monetary yr 2024-25. India's imports from Singapore in 2024-25 have been USD 21.2 billion, whereas the amount of exports to the nation was USD 14.4 billion.
Over the previous 10 years, Singapore's annual investments in India ranged between USD 10 billion and USD 15 billion. PTI
