New Delhi: Union Minister of Commerce & Industry Piyush Goyal on Friday held a series of important discussions with Singapore’s leadership to strengthen trade and investment linkages between India and Singapore. The talks focused on enhancing cooperation in innovation, digital connectivity, and exploring new opportunities in sustainable development.
According to an official statement, Goyal met with Singapore Prime Minister Lawrence Wong, where both leaders reaffirmed their commitment to further strengthening the comprehensive strategic partnership between the two countries.
“Delighted to call on H.E. @LawrenceWongST, Prime Minister of Singapore. Discussions reaffirmed our commitment to further strengthen our comprehensive strategic partnership, building on the strong momentum and vast potential for future growth,” Goyal said in a post on X.
In response, Prime Minister Wong posted: “Strengthening Ties with India. Met India’s Commerce & Industry Minister @PiyushGoyal. We had a good discussion on deepening our economic partnership from industrial park development to emerging tech like AI.”
Goyal also held a productive bilateral meeting with Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong. “Had a fruitful bilateral meeting with Gan Kim Yong, Deputy Prime Minister & Minister for Trade & Industry, Singapore. There are immense avenues for our nations to collaborate across sectors such as advanced manufacturing, skilling, infrastructure, and digital connectivity, among others. Look forward to building on these opportunities, strengthening investment ties, and further deepening the India-Singapore partnership,” Goyal added in another post.
During this meeting, both sides discussed in detail ways to further deepen industrial and trade cooperation between the two countries.
As part of his three-day official visit to Singapore, Goyal also met Minister for Foreign Affairs Vivian Balakrishnan. The meeting reaffirmed strategic trust and alignment on regional and global economic priorities.
The visit highlighted India’s strong growth trajectory and its commitment to investment-led reforms, showcasing vast opportunities available for global partners across manufacturing, infrastructure, financial services, and the green economy.
A major highlight of the visit was the Business Roundtable on Foreign Direct Investment in the Manufacturing Sector, attended by key decision-makers from AmCham, EuroCham, the German Chamber of Industry & Commerce, and other leading business figures.
Delivering the keynote address, Goyal emphasised India’s robust economic growth, pro-investment policies, and strategic initiatives aimed at positioning India as a global manufacturing hub.
In addition to leadership engagements, Goyal held strategic business meetings with top corporates and institutional investors in Singapore.
At SIA Engineering Company (SIAEC), discussions focused on India’s fast-growing Maintenance, Repair & Overhaul (MRO) sector and the need to fast-track the India–Singapore Skilling Centre for MRO professionals, in collaboration with Indian universities.
Capital Land Investment expressed its commitment to expanding renewable energy solutions for data centres in Maharashtra, while exploring opportunities in industrial parks, worker housing models, and potential entry into credit financing.
Royal Golden Eagle (RGE) shared updates on its tissue and pulp operations in India, discussed operational challenges, and showed interest in knowledge exchange on sustainable forestry and reforestation practices.
The Indian minister also met with Bryan Yeo, CEO-Designate of GIC, and Dilhan Pillay, CEO of Temasek. Discussions focused on scaling up India-focused portfolios across infrastructure, hospitality, renewable energy, financial services, and urban development.
The visit reaffirmed the strong and growing strategic and economic partnership between India and Singapore, with both sides agreeing to deepen cooperation in manufacturing, infrastructure, the green transition, digital economy, and financial investments, the official statement added.
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