PM Modi held talks with his Singaporean counterpart Lee Hsien Loong on the sidelines of the G-20 summit, where the two leaders agreed to expand trade and investment ties in the fintech, renewable energy, skills development, healthcare and pharmaceuticals sectors.
“Singapore is an important pillar of India’s ‘Act East’ policy,” PM Modi tweeted after meeting Loong.
“We talked about boosting India-Singapore cooperation in sectors such as green economy, renewable energy, FinTech and deepening trade ties,” he added.
Pleased to meet PM @leehsienloong in Bali. We discussed boosting India-Singapore cooperation in sectors such as green economy, renewable energy, FinTech and deepening trade ties. Singapore is an important pillar of India’s “Act East” policy. pic.twitter.com/wQN6Wjy2vE
— Narendra Modi (@narendramodi) November 16, 2022
According to the Prime Minister’s Office, both Prime Ministers took note of the strong India-Singapore strategic partnership and regular high-level ministerial and institutional interactions, including the opening session of the India-Singapore Ministerial Roundtable held in New Delhi in September 2022.
“PM Modi invited Singaporeans to invest in various sectors including green economy, infrastructure and digitalization and to take advantage of India’s National Infrastructure Pipeline, Asset Monetization Plan and Gati Shakti Plan,” the PMO added.
The two heads of state and government also exchanged views on the latest global and regional developments.
Prime Minister Modi paid tribute to Singapore’s role in India’s Act East policy and its role as country coordinator of ASEAN-India relations from 2021 to 2024.
Both leaders reiterated their desire to work together to advance multi-faceted India-ASEAN cooperation.
Modi sent Prime Minister Lee best wishes for the future and invited him to visit India for next year’s G-20 summit.