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An Indian government delegation has visited Singapore to strengthen commercial links and attract investment. The delegation took part in investor roundtables and had fruitful conversations with senior government officials in Singapore under the direction of Secretary Rajesh Kumar Singh of the Department for Promotion of Industry and Internal Trade (DPIIT).
Singh also spoke at the "India-Singapore Trade Roundtable" on the Food and Machinery Sector, arranged by the Singapore Business Federation, the Federation of Indian Chambers of Commerce & Industry (FICCI), and the Indian High Commission in Singapore. According to a FICCI spokesperson, the event allowed Indian and Singaporean enterprises to explore options for expanding trade, joint ventures, technology exchanges, and collaborations.
The visit of the delegation was aimed at inviting investors to India and enhancing trade ties between India and Singapore, the official said. Singh also met Beh Swan Gim, Singapore's Trade and Industry Ministry Permanent Secretary, during which they emphasised the importance of bilateral relations between the two nations.The delegation also attended the Investor's roundtable on Renewable Energy and Electronics and Semiconductors.
These sessions, organised by Enterprise Singapore and Invest India, opened dialogues with business leaders on the potential for deepening investment ties and collaborative ventures between the two nations.Singapore is India's 8th largest trade partner. According to the Indian High Commission in Singapore, in 2022-23, the bilateral trade reached $35.59 billion, registering a growth of 18 per cent over 2021-22.
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