Union Commerce & Industry Minister Piyush Goyal concluded a three-day official visit to Singapore to boost trade, investment, and innovation partnerships between India and Singapore.
Union Minister of Commerce & Industry Shri Piyush Goyal undertook a three-day official visit to Singapore to enhance bilateral economic and strategic relations between India and Singapore. The visit showcased India’s strong growth path, investment-friendly policies, and expanding opportunities in manufacturing, infrastructure, financial services, and the green economy.
During his visit, Shri Goyal met Singapore’s Prime Minister Mr. Lawrence Wong to discuss ways to strengthen trade and investment links, promote cooperation in digital innovation, and identify new areas for sustainable development. He also met Dr. Vivian Balakrishnan, Minister for Foreign Affairs, where both leaders reaffirmed the strategic trust and shared priorities on regional and global economic matters.
In a bilateral meeting with Mr. Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, both sides discussed expanding industrial collaboration and boosting trade between the two nations.
A key highlight of the visit was the Business Roundtable on Foreign Direct Investment in the Manufacturing Sector, attended by major international business associations such as AmCham, EuroCham, and the German Chamber of Industry & Commerce. In his keynote address, Shri Goyal emphasized India’s fast-growing economy, investor-friendly reforms, and its emergence as a global manufacturing hub.
The Minister also held business meetings with leading Singaporean companies and investors. At SIA Engineering Company, discussions centered on India’s growing Maintenance, Repair & Overhaul (MRO) industry and plans to fast-track the India–Singapore Skilling Centre for MRO professionals. CapitaLand Investment expressed its commitment to expand renewable energy projects in Maharashtra, while Royal Golden Eagle shared its progress in India’s pulp and tissue sector and discussed sustainable forestry collaborations.
Shri Goyal also met senior leaders from Singapore’s sovereign wealth funds, including GIC’s Group CIO Mr. Bryan Yeo and Temasek’s CEO Mr. Dilhan Pillay, where talks focused on scaling up India-focused investments in infrastructure, renewable energy, hospitality, and urban development.
The visit concluded with both sides reaffirming their commitment to deepen cooperation across manufacturing, infrastructure, digital economy, sustainability, and financial services—further strengthening the India–Singapore partnership.
Source & Credit: PIB & Shri Piyush Goyal’s X Post
