ENA Global 2025-01-17 13:55:30 <p><span style="font-size:14px"><strong>New Delhi, Jan 17 (KNN) </strong>Singapore and India's bilateral relationship has entered a new trajectory of growth, with enhanced cooperation in critical sectors including advanced manufacturing and semiconductors, Singapore President Tharman Shanmugaratnam announced during his five-day state visit to India.</span></p> <p><span style="font-size:14px">During separate high-level meetings with Indian President Droupadi Murmu and Prime Minister Narendra Modi, Shanmugaratnam outlined several ambitious initiatives under consideration.</span></p> <p><span style="font-size:14px">A key proposal includes establishing a data corridor between Singapore and Gujarat International Finance Tec-City (GIFT City), designed to facilitate secure data exchange between financial institutions.</span></p> <p><span style="font-size:14px">Additionally, both nations are exploring the possibility of developing a renewable energy corridor.</span></p> <p><span style="font-size:14px">The relationship, which was elevated to a comprehensive strategic partnership during Modi's visit to Singapore in September last year, has shown remarkable growth across multiple domains.</span></p> <p><span style="font-size:14px">Both countries are collaborating on next-generation industrial parks and skill development programs for emerging industries. Singapore has maintained its position as India's largest foreign investor, while defence cooperation between the two nations continues to strengthen.</span></p> <p><span style="font-size:14px">Reflecting on the historical ties, Shanmugaratnam emphasised India's role as one of the first countries to recognise Singapore's independence in 1965.</span></p> <p><span style="font-size:14px">He expressed optimism about the partnership's future, noting Singapore's commitment to supporting India's vision of becoming a developed nation by 2047.</span></p> <p><span style="font-size:14px">The Ministry of External Affairs highlighted that the bilateral relationship encompasses various sectors, including political cooperation, defence, economics, culture, education, and people-to-people contacts, with recent expansions into areas such as healthcare, medicine, sustainability, and digital transformation.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 40681 https://knnindia.co.in/news/newsdetails/global/india-singapore-ties-enter-new-growth-trajectory-with-focus-on-advanced-manufacturing-and-semiconductors 2025-01-17 13:55:30 knnindia.co.in