Piyush Goyal Undertakes Official
Visit to Singapore to Strengthen Strategic and Economic Partnership
Union Minister Piyush Goyal’s Official Visit to Singapore
– Key Highlights
Union Minister
of Commerce & Industry, Piyush Goyal, undertook a three-day official
visit to Singapore to strengthen bilateral economic and trade relations.
The visit emphasized India’s strong growth trajectory, investment-led reforms,
and opportunities in manufacturing, infrastructure, financial services, and the
green economy.
Key engagements:
·
Meetings with
Singaporean leadership:
o
Prime Minister
Lawrence Wong: Discussed
trade and investment, innovation, digital connectivity, and sustainable development.
o
Foreign Minister
Dr. Vivian Balakrishnan: Reaffirmed
strategic trust and alignment on regional and global economic priorities.
o
Deputy Prime
Minister & Trade Minister Gan Kim Yong: Focused on deepening industrial and trade cooperation.
·
Business Roundtable
on FDI in Manufacturing:
o
Highlighted
India’s robust economic growth, pro-investment policies, and initiatives
to strengthen its position as a global manufacturing hub.
o
Attended by
leaders from AmCham, EuroCham, German Chamber of Industry
& Commerce, and other corporates.
·
Strategic
corporate meetings:
o
SIA Engineering
Company (SIAEC): Focus on
India’s MRO sector and India–Singapore Skilling Centre.
o
CapitaLand
Investment: Plans for
renewable energy in data centres, industrial parks, worker housing, and credit
financing.
o
Royal Golden
Eagle (RGE): Updates
on tissue and pulp operations, sustainable forestry, and reforestation practices.
o
GIC and Temasek: Scaling India-focused portfolios across infrastructure,
hospitality, renewable energy, financial services, and urban development.
Outcome: The visit
reaffirmed the strong strategic and economic partnership between India and
Singapore, with commitments to deepen cooperation in manufacturing, infrastructure,
green transition, digital economy, and financial investments.
Union
Minister of Commerce & Industry Piyush Goyal, undertook a three-day official
visit to Singapore to further strengthen bilateral economic and trade relations
between the two countries. The visit 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, Mr. Goyal called on Mr. Lawrence Wong,
Prime Minister of Singapore, where discussions focused on strengthening trade and
investment linkages, enhancing cooperation in innovation and digital connectivity,
and exploring new opportunities in sustainable development. 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 Mr. 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. Delivering the keynote address, the Hon’ble Minister
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, Mr. Goyal also held strategic business
meetings with leading Singaporean corporates 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 Union Minister also had meetings with
Group CIO, GIC Mr. Bryan Yeo and CEO of Temasek Mr. 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.