Third India-Singapore Ministerial Roundtable Discusses Expanding Cooperation in Technology, Trade, Digital Infrastructure, and Regional Connectivity
India and Singapore held their third ministerial roundtable in New Delhi, discussing deeper cooperation in advanced technology, trade, connectivity, and digitalisation, while reaffirming strong economic ties and Singapore’s key role as India’s top ASEAN trading partner.
Tech Author
On Wednesday, top ministers from India and Singapore met in New Delhi to talk about how to make their alliance stronger. The meeting was part of the third India-Singapore Ministerial Roundtable (ISMR), which was all about finding ways to work together more in areas like trade, technology, digitalisation, and connectivity.
From India, External Affairs Minister S. Jaishankar, Commerce Minister Piyush Goyal, Finance Minister Nirmala Sitharaman, and Electronics and IT Minister Ashwini Vaishnaw took part. Singapore’s delegation was led by Deputy Prime Minister and Trade and Industry Minister Gan Kim Yong, along with ministers handling national security, foreign affairs, digital development, manpower, and transport.
The first ISMR took place in New Delhi in September 2022, followed by the second round in Singapore in August 2024.The two countries have grown steadily. During Prime Minister Narendra Modi's visit to Singapore in September of last year, the connection was raised to a "comprehensive strategic partnership."
Singapore is an important part of India's economy. It is India's biggest trading partner in the ASEAN region and a major source of foreign direct investment (FDI).
Singapore was India's sixth-largest trading partner in the 2024–25 financial year. India imported $21.2 billion worth of goods from Singapore and exported $14.4 billion worth of goods to Singapore. Singapore has invested between $10 billion and $15 billion in India each year for the previous ten years.
The most recent conversations between ministers show that both countries are looking beyond trade and want to work together more closely on new technologies and digital infrastructure, which will be important for future growth.The devotion displayed at ISMR shows that everyone wants to make the connections between people, technology, and the economy stronger in the years to come.
This article is based on information from The Economic Times
