India and Singapore focus on completing almost 10 memorandums about understanding in areas such as advanced technology, connectivity, skill and digitization during the meeting of their best ministers on Wednesday (August 13, 2025), people who introduced this matter.
Both sides are also in the process of completing an ambitious proposal for laying an underwater cable that transmits solar energy from India to Singapore, which also provides data connectivity, they said.
The new initiatives are to be reinforced on the third India-Singapore Ministry Roundtable (ISMR), which will be held on Wednesday in Nový Delhi.
The ISMR is also expected to prepare for the likely visit to Prime Minister Lawrence Wong Wong in India next month, people said.
The Minister of the External Affairs S. Jaishankar, Trade Minister Piyush Goyal, Finance Minister Nirmala Sitharaman and Minister of Electronics and Information Technologies Ashwini Vaishnaw, hold ISMR with six Singapore ministers.
The Singapore delegation will be led by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong and will include the National Security and Minister of the Interior to Shanmugam, Foreign Minister Vivian Balakrishnan, digital development and information minister Josephine Teo
“The ISMR, imagined by Prime Minister Narendra Modi, is a unique mechanism for determining a new Agenda for Cooperation in India-Singapure,” said the Ministry for External Affairs (MEA).
The Inauguration ISMR took place in Nový Delhi in September 2022 and the second meeting took place in Singapore in August 2024.
“India and Singapore share a comprehensive strategic partnership. The third round of the ISMR identifies the ways to further expand and deepen our bilateral relations,” Mea said in a statement.
The above people said that the export of green ammonia and green hydrogen from India to Singapore is another proposal that both sides view as part of the overall approach to further expanding bilateral bonds.
New initiatives are strengthened before a probable visit in India, Prime Minister Lawrence Wonga next month, people said.
During the visit of PM Modi in the country in September last year, the India-Singapore relations were promoted to a comprehensive strategic partnership.
Both sides look at the possibility of exporting solar energy from India to Singapore through an underwater cable, which could also be used for data connection, said the above people.
The feasibility study conducted on the proposed project indicated some challenges when laying the cable with respect to the moat of Andaman.
As part of the proposal for data connectivity, both sides created the “regulatory quarantine” of financial data in the Gujarate gift city, people said.
Both parties are also expected to deal with contracts that will focus on cooperation in the development of skills in areas such as aviation, semiconductors and advanced production.
ISMR may also be considered the impact of Washington’s customs policy and ways to navigate it.
Both parties work on a plan to hand over the training to develop a skill of about 1,00,000 Indians per year, people said.
He learns that ISMR will also explore ways to increase the investment of the Singapore company in India.
The ISMR inauguration took place on September 17, 2022 in Nový Delhí. Four higher Singapore ministers traveled to India. The second ISMR took place in Singapore 26 August last year.
Strengthening the overall trade between the two countries is likely to be one of the areas of focusing the upcoming ISMR.
Singapore is the largest Indian business partner in ASEAN (Southeast Asia Association). It is a leading source of direct foreign investment, among the largest sources of external commercial loans and foreign portfolio investments.
Singapore was the sixth largest business partner in India in the financial year 2024-25. Indian imports from Singapore in 2024-25 were $ 21.2 billion, while the volume of exports to the country was $ 14.4 billion.
Over the past 10 years, the annual investment in Singapore, India, has been between $ 10 billion and $ 15 billion.
Published – August 12, 2025 17:41
