September 26, 2020

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Singapore and India Look to Digital Connectivity for Bilateral Collaboration

Minister-in-charge of Trade Relations Mr Iswaran is in Delhi, India from 19 to 20 June 2019. During the visit, Mr Iswaran will meet with key counterparts and reaffirm Singapore’s warm and wide-ranging relationship with India. Both sides will discuss areas to further economic cooperation including in innovation and start-ups. Mr Iswaran is accompanied by officials from the Ministry of Trade and Industry and the Ministry of Foreign Affairs.

Digital Connectivity new area for collaboration

Mr Iswaran said, “India and Singapore enjoy strong and close ties. We reaffirm our commitment to further strengthen cooperation in areas such as trade and investment, air and logistical connectivity, and smart city development.”

“Digital connectivity is a potential new area for bilateral collaboration given the growth of the digital economy. We can also work together to deepen economic engagement within Asia. India and Singapore have many complementary strengths that can help create more opportunities and mutual benefit for our people and our businesses.” added the Minister-In-Charge of Trade Relations.

Singapore is India’s largest investor in 2018

India is a significant trading partner of Singapore, with total bilateral trade amounting to S$26.4 billion in 2018. Singapore’s investments in India have also grown exponentially in the past decade, with Singapore becoming India’s largest investor in FY2018.

Mr Iswaran will also be speaking at the Singapore Symposium, which is co-organised by the Institute of South Asian Studies (ISAS) and the Confederation of Indian Industry (CII). He will highlight how Singapore and India can deepen cooperation in areas such as air, maritime and digital connectivity.