Indian Prime Minister Narendra Modi announced the setting up of an Invest India Office in Singapore, which will be hand-holding office for Singaporean investors in diverse areas, the Indian Ministry of External Affairs (MEA) said at the conclusion of his visit.
Citing the "fast and folding opportunities" in India, MEA Secretary East, Jaideep Mazumdar, said it is an "opportune time" for the CEOs of leading companies in Singapore to get first-hand understanding from PM Modi on what is being offered by India. He also elaborated on the various meetings and interactions by Prime Minister Modi during his two-day visit to the island nation.
"Four MoUs were exchanged, and these are in cooperation in semiconductor ecosystem, in digital technologies, in skill development and education, and in health care. The next stage in our bilateral relations has been set by the India-Singapore Ministerial Roundtable that met recently and which identified six pillars of our futuristic cooperation, and the above four MoUs address 4 of those six pillars," said in a special briefing.
"India and Singapore relations have been made future ready and accordingly, both Prime Ministers decided to elevate the relationship to a comprehensive strategic partnership," he added.
Mazumdar informed about PM Modi's announcement on 'Invest India Office' in Singapore.
"To boost trade and investment, PM also announced setting up of an Invest India Office in Singapore, which will be hand-holding office for investors from Singapore in many diverse areas of interest identified in the 6 pillars above," he stated.
PM Modi and Singapore PM Lawrence Wong met at the Parliament House in Singapore. The two leaders, along with their delegations, held the bilateral meeting. At their talks, both leaders reviewed the progress of India-Singapore bilateral relations. Following this, the two sides exchanged four MoUs in the areas of digital technology, semiconductors, skill development, and healthcare.
PM Modi invited Singapore's semiconductor companies to participate in the SEMICON INDIA exhibition set to be held in Greater Noida from September 11-13.
(ANI)