Singapore President Tharman Shanmugaratnam said on Saturday that India is emerging as a major pole in the global economy with great potential as an export economy and is a country with which Singapore aims to deepen cooperation. .
“Singapore and India are now on a new level of cooperation. It reflects India’s aspirations and it also reflects our commitment to It also reflects the fact that we are now in a world where we have to work harder to cooperate with each other.”
“India wants to be its own pole in a multipolar world, and that is true geopolitically, but it is also true economically. India is emerging as a major pole in the global economy.” he said.
joint priorities
India has a key role to play over the next 10-20 years due to its favorable demographics, current stage in its development process, readiness to advance its skills and value chains, and huge potential as an export-driven nation. will be fulfilled. said the President of Singapore. “India is a country we want to work with. India’s priorities and Singapore’s priorities have also aligned very well. If you look at the priorities set under the ISMR (India-Singapore Ministerial Round Table), , we are currently working together. Both governments are cooperating in the development of India’s semiconductor ecosystem,” he pointed out.
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“Singapore is looking at how it can contribute to its ecosystem. We are also looking at a new generation of industrial parks and are very active in identifying potential sites for new industrial parks with Singaporean character. “We are considering the matter,” Shanmugaratnam said.
Key enablers
He said skills will be a key enabler of India’s future, adding, “Today in India, the entire skills infrastructure is being developed and given more emphasis and Singapore has some experience there and we are I intend to be a skill player for India.” ecosystem. ”
On the renewable energy sector, he said, “India is fortunate to have both solar and wind power and will become a significant producer of renewable energy.” Again, Singapore is keen to engage with India in its development and hopefully develop a green corridor to Southeast Asia over time, but that may take some time. Yes, this is a very important wish. ”
Referring to connectivity, the President of Singapore said: “Flights are full and there is scope for expansion that will benefit both countries and our economies.” The aviation industry has the potential for India to emerge as a player in the MRO (maintenance, repair and overhaul) business. ” “The digital space, including FinTech and everything related to finance, is looking at what can be done to increase the flow of data, reliable and secure data flow between financial institutions in India and Singapore. “That’s another area where we’re working closely together. The agency is working hard on that,” he added.
“It’s about building trust. It’s not just about specific industries, it’s about working on projects that continue to build trust between the two countries. Trust is in short supply internationally, and Singapore and India are struggling in today’s uncertain times. “We are on a new level in our relationships, showing how it is possible to build trust even in a difficult world,” he said.
