Prime Minister Modi invited Singaporean business leaders to look at investment opportunities in India and to increase their presence in the country.He interacted with a group of leading Singaporean CEOs from diverse sectors including investment funds, infrastructure,manufacturing, energy, sustainability and logistics.
Talking of India’s impressive growth story, its skilled talent pool, and expansive market opportunities, he highlighted that India is contributing 17% to global economic growth. Prime Minister spoke about various initiatives to enhance India’s participation in global value chains through programs such as Production Linked Incentive scheme, India Semiconductor Mission and establishment of 12 new Industrial Smart Cities. He called upon the business leaders to look at opportunities in India in the field of skill development. For businesses looking for resilient supply chains, Prime Minister noted that India is the best alternative given its strengths.
Prime Minister appreciated President Tharman’s passionate support for the India – Singapore partnership. The two leaders discussed bilateral and global issues of mutual interest. They noted the longstanding friendship and cooperation between the two countries, which is based on trust, mutual respect and complementarity. In this regard, they noted that the elevation of the ties to Comprehensive Strategic Partnership will chart a robust way forward for joint collaboration. They shared thoughts on how India and Singapore can expand their cooperation to new areas such as advanced manufacturing and in emerging technologies. Prime Minister conveyed that he looks forward to welcoming President Tharman to India next year.
