Goyal highlights investment opportunities in Singapore
Minister of State, Ministry of Trade & Industry Gan Siow Huang has reaffirmed the close and longstanding relationship between the two nations underpinned by strong economic and people-to-people ties.
Speaking at the “India-Singapore @60: Partnership for Growth & Engagement” business session on 4 Oct, she provided actionable insights into Singapore’s vision for strengthening trade, investment, and innovation-driven collaboration with India https://www.commerce.gov.in/.
Minister of Commerce & Industry Piyush Goyal, on a three-day visit 3-5 Oct, delivered the keynote address, commending the transformative progress achieved over the last six decades of diplomatic relations and the promising prospects for deeper bilateral engagement based on trust and mutual respect, and extensive cooperation across a wide range of areas particularly in sustainability, digitalisation, skills development, healthcare, advanced manufacturing, and connectivity.
The session witnessed the participation of senior government functionaries, industry leaders, and representatives from both India and Singapore https://www.investindia.gov.in/.
The event underscored robust economic ties and highlighted new avenues for collaborative opportunities between the two nations leveraging new-age opportunities across technology, digital transformation, green energy, and skills development, industrial parks, infrastructure financing, besides others.
The business session concluded with a networking lunch, facilitating deeper engagement among participants and paving the way for tangible business outcomes https://www.bseindia.com/.
On the sidelines of the Roundtable, bilateral meetings were held with leading global investors and CEOs to explore avenues of cooperation:
Wong Kim Yin, Group President & CEO, Sembcorp engaged in dialogue on renewable energy transitions, potential for green hydrogen and skill development https://www.nseindia.com/.
Loh Chin Hua, CEO, Keppel Corporation discussed collaborative projects in real estate, waste to energy and digital connectivity.
Gautam Banerjee, Chairman, Blackstone Singapore, along with Amit Dixit, Head of Private Equity Asia, and Arvind Krishna, Head of Private Equity Southeast Asia, held a follow-up discussion focusing on Blackstone’s growing India portfolio.
Jim Coulter, Chairman, Texas Pacific Group (TPG) reflected on opportunities in India’s high-growth investment sectors https://sbi.com.in/.
Marcus Wallenberg, Chairman of Skandinaviska Enskilda Banken and Saab AB, together with Jean Salata, CEO, EQT Asia, and Jimmy Mahanti, Partner & Chairman of South & Southeast Asia, EQT Private Capital Asia, emphasised potential cooperation in finance, technology, and advanced industries https://www.meity.gov.in/.
Manish Pant, Executive Vice President International Operations, Schneider Electric and Devinder Kishore, Senior Vice President, Marketing, International Operations, Schneider Electric highlighted their strong commitment to India and discussed further avenues for collaboration in key sectors like energy efficiency, automation and digital.
Diplomatic Engagement at the Highest Level
A significant highlight during the three-day visit is meeting with President Tharman Shanmugaratnam. Tharman and Goyal reaffirmed the long-standing strategic partnership between India and Singapore, underpinned by shared values, resilient economic ties, and a joint emphasis on innovation and sustainability https://www.conexpoconagg.com/.
The engagements concluded with an interaction with the Indian business delegation, which provided a broader platform to align investor expectations with policy priorities, paving the way for expanded cooperation in regional and global markets.
Speaking on the occasion, officials noted that the deliberations highlighted Singapore’s position as a trusted partner in India’s growth journey, and reaffirmed India’s commitment to building stronger linkages in finance, energy transition, technology, and sustainable infrastructure.
On 3 Oct, Minister Goyal highlighted India’s strong growth trajectory, commitment to investment-led reforms, and the vast opportunities available for global partners across manufacturing, infrastructure, financial services, and the green economy.
During his engagements with Singapore’s leadership, Goyal called on Prime Minister Lawrence Wong. Their discussions focused on strengthening trade and investment linkages, enhancing cooperation in innovation and digital connectivity, and exploring new opportunities in sustainable development https://www.makeinindia.com/home/.
He also met Dr. Vivian Balakrishnan, Minister for Foreign Affairs, where both sides reaffirmed strategic trust and alignment on regional and global economic priorities. In his bilateral meeting with Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, the discussions centered on further deepening industrial and trade cooperation between India and Singapore.
A major highlight of the visit was the Business Roundtable on Foreign Direct Investment in the Manufacturing Sector, which was attended by key decision-makers from AmCham, EuroCham, the German Chamber of Industry & Commerce, and other business leaders https://www.startupindia.gov.in/.
Delivering the keynote address, Minister Goyal underscored India’s robust economic growth, pro-investment policies, and strategic initiatives aimed at strengthening its position as a global manufacturing hub.
In addition to these leadership engagements, Shri Goyal also held strategic business meetings with leading Singaporean corporate and institutional investors.
At SIA Engineering Company (SIAEC), discussions focused on India’s fast-growing Maintenance, Repair & Overhaul (MRO) sector and the need to fast-track the India–Singapore Skilling Centre for MRO professionals in collaboration with Indian universities.
CapitaLand Investment conveyed its commitment to expand renewable energy solutions for data centres in Maharashtra, while also exploring opportunities in industrial parks, worker housing models, and potential entry into credit financing.
Royal Golden Eagle (RGE) shared updates on its tissue and pulp operations in India, discussed operational challenges, and expressed interest in knowledge exchange on sustainable forestry and reforestation practices.
The Minister also had meetings with Group CIO, GIC, Bryan Yeo and CEO of Temasek Dilhan Pillay, which focused on scaling up India-focused portfolios across infrastructure, hospitality, renewable energy, financial services, and urban development.
The visit reaffirmed the strong and growing strategic and economic partnership between India and Singapore, with both sides agreeing to deepen cooperation in manufacturing, infrastructure, the green transition, the digital economy, and financial investments, the Ministry said. fiinews.com
