NEW DELHI: India’s Commerce and Industry Minister Piyush Goyal who is on a three-day visit to Singapore said on Saturday that greater collaboration between businesses of India and Singapore will help boost trade and investment ties between the two countries.
Addressing India-Singapore@60: Partnership for Growth and Innovation’ Business, Goyal emphasised on further strengthening India-Singapore trade and investment ties for a more balanced, inclusive and future-ready economic partnership.
The business session was successfully held in Singapore, marking the 60th anniversary of diplomatic relations between India and Singapore.
Meanwhile in a post on X the minister said, “Highlighted greater collaboration and B2B opportunities between our businesses.”
On the sidelines, the minister held meetings with senior officials of Singapore-based firms.
Piyush Goyal, Union Minister of Commerce & Industry, delivering the keynote address, commended the transformative progress achieved over the last six decades of diplomatic relations and the promising prospects for deeper bilateral engagement based on trust and mutual respect, and extensive cooperation across a wide range of areas particularly in sustainability, digitalisation, skills development, healthcare, advanced manufacturing, and connectivity.
He held a meeting with Kim Yin Wong, Group President and CEO of Sembcorp.
“Discussed India’s remarkable achievements in renewable energy and ambitious aims, and explored avenues for collaboration in clean energy, green hydrogen, and industrial parks,” he said.
He also held meeting with Loh Chin Hua, CEO of Keppel, and discussed emerging opportunities in India across various areas, including waste-to-energy, infrastructure, data centres, and digital connectivity.
“Met a delegation led by Nags Sankaranarayanan, CEO of Nomura Asia Pacific Holdings. Discussed opportunities to boost India-focused investments and the vast avenues India offers for global investors,” he added.
Gan Siow Huang, Minister of State, Ministry of Trade & Industry, Republic of Singapore, reaffirmed the close and longstanding relationship between the two nations underpinned by strong economic and people-to-people ties. She provided actionable insights into Singapore’s vision for strengthening trade, investment, and innovation-driven collaboration with India.
Piyush Goel also met Gautam Banerjee, Chairman, Blackstone Singapore, and deliberated upon opportunities for long-term capital in manufacturing-linked infrastructure to further strengthen supply chains.
“Had a productive meeting with Jim Coulter, Executive Chairman of Texas Pacific Group (TPG). Discussions focused on strengthening cross-border investments and unlocking new growth opportunities for both India and Singapore,” the minister said.
