India Steps Up Economic Partnership with Singapore, Eyes Wider Asian Markets
2 min read
Singapore, Aug 21: India aims to strengthen its economic and trade ties with Singapore and broaden collaboration across major Asian markets, stated Commerce and Industry Minister Piyush Goyal during his Singapore visit.
Key Takeaways
- Commerce Minister Piyush Goyal said India aims to deepen economic and trade ties with Singapore and broader Asian markets.
- Speaking at the India-Singapore Business Forum, he highlighted India’s growth, investment climate and ease-of-business reforms.
- Goyal flagged expansion potential for Indian farmers and processed-food firms via Singapore as a gateway to ASEAN and Australia.
- The APEDA-FairPrice roadshow showcased Indian agri-food products including fresh produce and dairy.
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Speaking at the India‑Singapore Business Forum, Goyal underscored India’s robust economic growth, the investment climate, and governmental measures to ease business operations.
He noted considerable potential for expanded business‑to‑business engagement between the two nations, especially in trade, investment, technology and emerging industries.
Goyal also pointed out prospects for Indian farmers and processed‑food firms to deepen their footprint in Singapore and leverage the city‑state as a gateway to broader ASEAN and Australian markets.
At the APEDA‑FairPrice roadshow, a range of Indian agri‑food items—fresh fruits and vegetables, dairy, rice, cashews, millet‑based goods and organic produce—were displayed to boost Indian exports in Singapore.
The minister additionally engaged in talks on fintech, digital economy and financial innovation with Sopnendu Mohanty, Group CEO of the Global Finance and Technology Network.
During his trip, Goyal met Cindy Lim, CEO of Keppel Infrastructure, to discuss avenues for enhanced cooperation in infrastructure and related sectors.
Goyal also took part in the fourth India‑Singapore Ministerial Roundtable alongside Finance Minister Nirmala Sitharaman, External Affairs Minister S. Jaishankar and Minister of State for Commerce and Industry Jitin Prasada.
The deliberations highlight India’s commitment to deepening its economic partnership with Singapore and unlocking fresh avenues for trade, investment and business growth throughout Asia.
