India’s Commerce Minister Piyush Goyal kicked off his three-day visit to Singapore with high-level talks aimed at boosting trade ties and economic growth between the two nations. On Friday, Goyal sat down with Singapore Prime Minister Lawrence Wong to explore ways to strengthen investment links, ramp up innovation, improve digital connectivity, and tap into sustainable development opportunities.
Goyal shared his excitement on X, saying the discussions reaffirmed India’s commitment to building on their strong strategic partnership and unlocking even more potential for future growth. Wong echoed this on his own post, highlighting their chat on deepening economic ties—from developing industrial parks to diving into cutting-edge tech like artificial intelligence.
Goyal didn’t stop there. He also held a productive meeting with Singapore’s Deputy Prime Minister and Trade Minister Gan Kim Yong. They delved into expanding cooperation in key areas such as advanced manufacturing, workforce skilling, infrastructure projects, and digital connections. “There are huge opportunities for our countries to team up in these sectors,” Goyal noted on X, adding that he looks forward to stronger investments and a deeper India-Singapore partnership.
The talks with Gan focused heavily on enhancing industrial and trade collaboration, which fits right into Goyal’s goal of solidifying bilateral economic relations during the visit.
Goyal rounded out his meetings with Singapore’s Foreign Minister Vivian Balakrishnan, where they reaffirmed mutual trust and aligned views on regional and global economic issues. The conversations spotlighted India’s impressive growth story, its push for investment-friendly reforms, and the wide-open doors for global partners in manufacturing, infrastructure, financial services, and the green economy.
A standout event was the Business Roundtable on Foreign Direct Investment in India’s manufacturing sector. Top leaders from groups like AmCham, EuroCham, and the German Chamber of Industry & Commerce joined in, along with other business heavyweights. In his keynote speech, Goyal highlighted India’s steady economic rise, investor-friendly policies, and bold moves to position the country as a top global manufacturing hub.
Beyond the official chats, Goyal met with key Singaporean companies and investors to discuss real-world opportunities. At SIA Engineering Company, the focus was on India’s booming Maintenance, Repair & Overhaul (MRO) industry and speeding up a joint India-Singapore Skilling Centre for MRO experts, partnering with Indian universities.
Capital Land Investment pledged to grow renewable energy options for data centers in Maharashtra, while eyeing chances in industrial parks, worker housing, and even credit financing. Royal Golden Eagle shared progress on its tissue and pulp operations in India, tackled some challenges, and showed interest in swapping knowledge on sustainable forestry and reforestation.
Goyal also connected with Bryan Yeo, the incoming CEO of GIC, and Dilhan Pillay, CEO of Temasek. Their discussions centered on expanding investments in India-focused areas like infrastructure, hospitality, renewable energy, financial services, and urban development.
Overall, the visit underscored the robust and expanding strategic ties between India and Singapore. Both sides committed to closer work in manufacturing, infrastructure, green initiatives, the digital economy, and financial investments, paving the way for even stronger economic partnerships.
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