THEBUSINESSBYTES BUREAU
NEW DELHI, AUGUST 20, 2026
India and Singapore on Thursday stepped up efforts to deepen
their economic partnership, with Commerce and Industry Minister Piyush Goyal
holding a series of high-level bilateral and business engagements focused on
trade, investment, technology and new areas of commercial cooperation.
Goyal, who was in Singapore for the engagements, called on
Singapore Prime Minister Lawrence Wong at the Istana before participating in
the fourth India-Singapore Ministerial Roundtable (ISMR) and the fourth
India-Singapore Business Roundtable (ISBR).
The high-level meetings provided a platform for the two sides
to review the growing economic relationship and explore fresh avenues for
mutually beneficial cooperation, followed by an MoU signing ceremony.
The Commerce Minister also held a series of
government-to-business meetings with senior representatives of the global
business and institutional community, including the Global Finance &
Technology Network (GFTN) and Keppel Infrastructure.
The discussions centred on expanding India-Singapore
collaboration in emerging and high-potential areas such as agri-exports,
GCC-based commercial parks, fintech and sustainable infrastructure, according
to an official statement.
Goyal also jointly visited an APEDA-FairPrice initiative at
City Square Mall with Singapore Minister of State for Foreign Affairs and Trade
and Industry Gan Siow Huang. The initiative showcased the growing agricultural
trade between the two countries and expanding market access for Indian products
in Singapore.
The Minister later addressed the India-Singapore Business
Forum organised by FICCI at the INSEAD Asia Campus, where he participated in a
fireside chat on “India in the New Global Growth Equation: Growth and
Opportunity for Businesses in Asia and the World”.
The interaction was followed by a question-and-answer session with members of the business community, providing an opportunity to discuss India's expanding role in the global growth landscape and emerging opportunities for businesses in Asia and beyond.
The day's engagements underscored the strong momentum in India-Singapore economic relations and New Delhi's intent to further strengthen trade and investment flows, technology partnerships and business-to-business linkages.
The Indian delegation at the fourth India-Singapore
Ministerial Roundtable included Finance and Corporate Affairs Minister Nirmala
Sitharaman, External Affairs Minister S Jaishankar, Commerce and Industry
Minister Piyush Goyal and Minister of State for Commerce Jitin Prasada.
The Singapore side comprised Deputy Prime Minister and
Minister for Trade and Industry Gan Kim Yong, Senior Minister, Coordinating
Minister for National Security and Minister for Home Affairs K Shanmugam,
Foreign Minister Vivian Balakrishnan, Minister for Digital Development and
Information Josephine Teo, and Minister for Transport and Second Minister of
State for Finance Jeffrey Siow.
