Indian delegation visits Singapore, emphasizes on promoting trade and cooperation

Singapore. An Indian government delegation visited Singapore to strengthen trade ties and attract investment in the country. The delegation, led by Rajesh Kumar Singh, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), held discussions with high-ranking government officials in Singapore and participated in the Investor Roundtable on Monday.

Singh also addressed the “India-Singapore Business Roundtable” on Food and Machinery Sector organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) in partnership with the Singapore Business Federation and the High Commission of India in Singapore. An FICCI official said on Tuesday that the event serves as a platform for Indian and Singapore businesses to explore ways to enhance trade, joint ventures, technology exchange and partnerships.

The official said the purpose of the delegation’s visit was to invite investors to India and enhance trade relations between India and Singapore. The delegation also participated in Investor Roundtable on Renewable Energy and Electronics and Semiconductors. Organized by Enterprise Singapore and Invest India, the sessions interacted with business leaders on the potential to enhance investment ties and collaborative ventures between the two countries. Singapore is India’s 8th largest trading partner. According to the Indian High Commission in Singapore, bilateral trade is expected to reach US$35.59 billion in 2022-23, an increase of 18 percent compared to 2021-22.

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