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Market: Ministers discussed India-Singapore partnership

Fiinews by Fiinews
August 22, 2026
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Goyal holds series of meetings in Singapore

Commerce and Industry Minister Piyush Goyal held a series of high-level bilateral and business engagements in Singapore on 20 August 2026, reinforcing the longstanding India-Singapore economic partnership and advancing cooperation in trade, investment, technology and business.

Goyal called on the Prime Minister of Singapore, Lawrence Wong, at the Istana. He thereafter participated in the 4th India-Singapore Ministerial Roundtable (ISMR) and the 4th India-Singapore Business Roundtable (ISBR), held at Hotel Shangri-La.

The Roundtables provided a platform to discuss ways to further strengthen bilateral economic engagement and identify new avenues for mutually beneficial cooperation. The Roundtables were followed by an MoU signing ceremony.

Goyal’s interactions also covered Government-to-Business (G2B) meetings with senior leaders from the global business and institutional community, including the Global Finance & Technology Network (GFTN) and Keppel Infrastructure. The discussions focused on strengthening India-Singapore collaboration in areas including agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure.

Goyal also jointly visited an APEDA-FairPrice initiative at City Square Mall along with Gan Siow Huang, Minister of State for Foreign Affairs and Trade & Industry, Singapore. The engagement highlighted the growing agricultural trade and expanding market linkages between India and Singapore.

He addressed the India-Singapore Business Forum organised by FICCI at the INSEAD Asia Campus. He also took part at the campus in a fireside chat on “India in the New Global Growth Equation: Growth and Opportunity for Businesses in Asia and the World”, followed by an interactive Q&A session with members of the business community.

The engagements reaffirmed the strong momentum in the India-Singapore economic partnership and India’s commitment to deepening trade, investment, technology and business-to-business linkages, while creating new opportunities for mutually beneficial growth.

The Indian side at the 4th India-Singapore Ministerial Roundtable comprised the Minister of Finance and Corporate Affairs, Nirmala Sitharaman; Minister of External Affairs, Dr S. Jaishankar; Minister Goyal; and Minister of State for Commerce, Jitin Prasada.

The Singapore side comprised the Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong; Senior Minister, Coordinating Minister for National Security and Minister for Home Affairs, K. Shanmugam; Minister for Foreign Affairs, Dr Vivian Balakrishnan; Minister for Digital Development and Information, Josephine Teo; and Minister for Transport and Second Minister of State for Finance, Jeffrey Siow. Fiinews.com

Tags: Ministry of Commerce and Industry
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