Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Singapore is Positive About India’s Future in the Long-Term

Tharman Shanmugaratnam and Narendra Modi
Image credit: https://www.channelnewsasia.com/

Singapore is looking to India for future opportunities for growing business ventures in technology there. Senior Minister Tharman Shanmugaratnam met up with India’s Prime Minister Narendra Modi on Monday, Jan 6, as part of a working visit from 5 to 8 January, to New Delhi and Mumbai, where he will meet Indian government officials and business leaders.

Their discussion touched on various areas in economic cooperation, such as infrastructure, skills, India-Singapore Comprehensive Economic Cooperation Agreement (CECA), and the digital economy.

Mr Tharman had said that Singapore firms are increasing their investments in India, in areas such as technology parks and logistics.

He also said that there is a “deepening collaboration in the digital economy”, which sees the connecting of payment systems and national single window platforms for trade.

In a statement released from Mr Modi’s office, it was stated that both parties are content that Singapore and India continue to have a “rapid pace of bilateral relations”.

It also stated that Mr Modi shared that he looks forward to strengthening cooperation between India and Singapore in the areas of infrastructure, tourism, digital payment systems, innovation and governance.

“PM Modi and I had a good discussion on India’s economic and social strategies to ensure sustained growth and inclusivity in the years to come,” said Mr Tharman.

He added that further changes in economic transformation, especially for boosting job growth for India’s young population can be expected.

During Mr Modi’s term, the Indian government has made several improvements in the lives of the Indian people. Changes such as social transformation in areas such as sanitation, electrification of villages, bank accounts for everyone and health insurance were some of the improvements brought upon.

Singapore and India have been working together on efforts for driving technology and innovation within both countries. In October, last year, OpenGov had reported on the second Singapore-India Hackathon, which was done in collaboration between the Indian Institute for Technology in Madras (IIT-Madras), and the Nanyang Technical University, Singapore (NTU).

The themes of the hackathon were good health and well-being; quality education; and affordable and clean energy.

At the prize distribution ceremony, the Indian Prime Minister Narendra Modi said that the role of innovation and start-ups will be crucial to help achieve India’s goal to become a US $5 trillion economy.

India is already among the top three start-up friendly ecosystems. During the last five years, it has prioritised innovation and incubations. Programmes like Atal Innovation Mission, the PM research fellowship, and the Startup India initiative are the foundation of 21st century India, he said.

The country is trying to promote modern technologies like machine learning, artificial intelligence, and blockchain among students from as early as the sixth grade to create an ecosystem that becomes a medium for innovation, the Minister added.

He noted the country is encouraging innovation for two reasons. “One is we want easy solutions to solve India’s problems to make life easier. And another we in India want to find solutions for the whole world. India solutions for global application, this is our goal and our commitment,” he said.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.