India, Singapore to sign five pacts during Prime Minister of Singapore Mr. Lawrence Wong's three-day visit
- IBEF
- September 3, 2025
India and Singapore will sign five agreements in the shipping, civil aviation, and space sectors during Singapore Prime Minister Lawrence Wong’s three-day visit to India starting September 2, 2025. Singapore Prime Minister Mr. Lawrence Wong and Prime Minister Mr. Narendra Modi will hold talks on September 4, 2025, and virtually inaugurate a container terminal in Maharashtra, where the Port of Singapore Authority has invested over Rs. 8,803 crore (US$ 1 billion). The two nations are also exploring solar energy exports from India to Singapore through an underwater cable, which may also carry data connectivity. Proposals on green hydrogen, green ammonia exports, and a financial data regulatory sandbox at Gift City in Gujarat are also under consideration.
Singapore was India’s largest foreign direct investor in FY25, with inflows of Rs. 1,31,517 crore (US$ 14.94 billion), contributing to cumulative Foreign Direct Investment (FDI) of Rs. 15,39,469 crore (US$ 174.88 billion) since 2000. Bilateral trade rose from Rs. 58,980 crore (US$ 6.7 billion) in 2004-05 to Rs. 3,01,591 crore (US$ 34.26 billion) in 2024-25, making Singapore India’s sixth-largest trade partner. Defence ties remain strong under the Enhanced Agreement for Defence Cooperation of 2015, with Singapore actively engaging in bilateral and regional exercises. Cooperation also extends to space, with the Indian Space Research Organisation having launched multiple Singaporean satellites. With nine per cent of Singapore’s resident population of Indian origin and 3,80,000 Indian expatriates, the two countries share strong cultural and people-to-people ties.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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