New regional order will rest on Singapore-India’s strong shoulders

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GIFT City-SGX to boost investment in India

Commerce and Industry Minister Piyush Goyal believes that the new regional order that will emerge, post-COVID-19 pandemic, will rest on the strong shoulders of Singapore and India.

Delivering keynote address at India-Singapore CEO Forum on 18 Feb 2021, he said that through budget 2021-22 and various other measures, Prime Minister has been trying to prepare the country to engage with the world from a position of strength, in the next decade.

Similarly, the Singapore budget also this year has focused a lot on transformation and innovation, noted Goyal.

He expressed happiness that Singapore and the GIFT city which is India’s first operational smart city, have tied up with the Singapore Exchange (SGX) to boost international investment in India.

The minister said that he looks at expanding the Singapore-India ties resting on greater degree of people to people engagement and that can rest on three B’s: – Buddhism, Bollywood and Business.

“Our women entrepreneurs have done us proud, and the huge potential in this area can be expanded to improve India & Singapore’s relationship,” said Goyal.

He also urged businesses to look at ways how “we can expand the engagement and encourage India’s youth to use more innovative technologies”.

India and Singapore are working together in cyber security & disaster relief, and Education and skill development can be taken up as pillars where we can work together and learn from Singapore’s experience.

E-Commerce, Fintech, smart manufacturing, healthcare are significant areas where India offers a large market.

“Our working together in these areas can truly transform India’s own effort to give the best to our people,” said Goyal, reiterating Prime Minister Narendra Modi message that “Singapore is our spring board to the ASEAN region”. #investment #budget #projects #exports #trade #technologies /fiinews.com

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