On Thursday, Prime Minister Narendra Modi highlighted Singapore as an example for developing countries and expressed India’s ambition to establish “multiple Singapore models” within its borders.
In discussions with the Prime Minister of Singapore, Lawrence Wong, Modi conveyed his trust in the city-state’s fourth-generation leadership. Connect with us on WhatsApp here.
He mentioned that Singapore is more than just a collaborator; it acts as a motivational role model for every emerging nation.
Our goal is to develop multiple Singapore within India as well. I’m happy that we’re working together to achieve this objective. The ministerial roundtable we’ve set up is a revolutionary approach, according to the prime minister.
Praising the successful country’s top leader, Modi remarked, “This is our initial encounter since you took over as prime minister.” My deepest congratulations and warm regards to you. I am sure that with the guidance of the 4G group, Singapore will experience more rapid advancement.
In May, Wong assumed office as Singapore’s latest prime minister. At the age of 51, he transitioned from an economist to a politician, taking over from Lee Hsien Loong, who at 72, decided to step down after more than two decades in office. Both men were part of the dominant People’s Action Party (PAP), responsible for Singapore’s economic advancement for over half a century. Wong, previously the deputy prime minister, now leads the government’s fourth-generation PAP politicians, including his role as prime minister and finance minister.
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Prime Minister, during a two-day visit to the Asian financial hub, highlighted several joint efforts focusing on areas like training, digitization, transportation, high-tech manufacturing, the semiconductor sector, artificial intelligence, healthcare, environmental conservation, and digital security.
Singapore is also an important facilitator of India’s Act East policy, Modi said.
Our mutual faith in the principles of democracy binds us together. I am thrilled to have the chance to visit Singapore at the start of my third term, he mentioned.
Emphasizing the collaborative relationship between India and Singapore, Prime Minister Modi stated, During the previous decade, our trade volumes have more than doubled. The amount of mutual investment has risen almost three times to surpass $150 billion. Singapore was the initial nation to introduce the UPI Person-to-Person payment service.
Discussing the progress in the partnership between the two nations, he mentioned that over the last decade, 17 Singaporean satellites have been sent into space from India. This collaboration has accelerated, ranging from training programs to the defense industry. The pact between Singapore Airlines and Air India has improved access to each other’s networks.
Together, we’re advancing our connection to a full Strategic Alliance. The 350,000 individuals of Indian descent living in Singapore form the solid base of our connection…We are eternally grateful to the whole of Singapore for the home and prestige that Subhash Chandra Bose, Azad Hind Fauj, and Little India have earned in Singapore, Modi mentioned.
By 2025, the partnership between India and Singapore will be 60 years old. To honor this milestone, he invited both nations to work together in developing a comprehensive plan.
I’m thrilled to share the news that the inaugural event for India’s inaugural Thiruvalluvar Cultural Centre is just around the corner in Singapore. The esteemed philosopher Thiruvalluvar offered wisdom to humanity through the oldest language, Tamil. His masterpiece, the Thirukkural, was crafted nearly 2,000 years ago, yet its concepts still hold significance in modern times,” Modi declared.
Drawing from Thiruvalluvar’s teachings: “Muthu Virudu Virai Vaanam Payanudaiyar Paravatthum Ulagu (The world looks up to individuals recognized for their justice and dedication to helping others), the prime minister expressed his belief that countless Indians residing in Singapore are also motivated by these principles and are playing a part in enhancing the relationship between the nations.
Modi remembered that he had shared India’s vision for the Indo-Pacific region at the Shangri-La Dialogue in Singapore.
We will persist in collaborating with Singapore to encourage peace, stability, and wealth throughout the region. Once more, I deeply appreciate your gratitude for the recognition and the friendly welcome provided to me, he remarked.
PM Modi engages with chief executives and business tycoons, CEOs in Singapore.
On Thursday, Prime Minister Narendra Modi met with leading business figures in Singapore and discussed with them the different reforms that are in progress in India aimed at enticing investment and fostering innovation.
Modi has arrived in Singapore for a two-day visit, which was graciously received by his counterpart, Lawrence Wong, from Singapore.
“Conformed with major corporate executives and chief executives in Singapore. Discussed strategies to enhance economic connections. I underscored the changes in progress in India, aimed at promoting investments and creativity,” the Prime Minister of India mentioned in an update on a social networking site ‘X’.”
In the last decade, trade between India and Singapore has more than quadrupled.
Together investment has grown by nearly three times, reaching over $150 billion.
(Only the title and accompanying image of this document have been altered by the Business Standard team; the remaining parts were automatically generated from a standardized source.)Additionally Read
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