Union Minister of Commerce & Industry Shri Piyush Goyal’s three-day visit to Singapore reinforced the deepening strategic and economic ties between both nations. The visit focused on enhancing cooperation in manufacturing, innovation, green development, and investment-led growth—signalling a new phase in India–Singapore collaboration.
Union Minister of Commerce & Industry, Shri Piyush Goyal, concluded a successful three-day official visit to Singapore aimed at strengthening bilateral economic and trade relations. The visit underscored India’s dynamic growth trajectory, its commitment to investment-driven reforms, and the expanding opportunities available to global partners across key sectors such as manufacturing, infrastructure, financial services, and the green economy.
Image by Union Minister of Commerce & Industry, Shri Piyush Goyal
During his engagements with Singapore’s leadership, Shri Goyal called on Prime Minister Lawrence Wong to discuss avenues for boosting trade and investment linkages. Both leaders emphasised the potential for enhanced collaboration in innovation, digital connectivity, and sustainable development. In a separate meeting with Dr. Vivian Balakrishnan, Minister for Foreign Affairs, the two sides reaffirmed their long-standing strategic trust and alignment on regional and global economic priorities. Shri Goyal also met with Mr. Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, to explore deeper industrial and trade cooperation between India and Singapore.
Image by Union Minister of Commerce & Industry, Shri Piyush Goyal
A key highlight of the visit was the Business Roundtable on Foreign Direct Investment in the Manufacturing Sector, attended by prominent representatives from AmCham, EuroCham, the German Chamber of Industry & Commerce, and other leading business organisations. In his keynote address, Shri Goyal spotlighted India’s robust economic momentum and pro-investment policy framework, outlining strategic initiatives that are positioning India as a major global manufacturing hub.
The Minister also held a series of high-level business meetings with major Singaporean corporates and institutional investors. At SIA Engineering Company (SIAEC), discussions centred on India’s rapidly expanding Maintenance, Repair & Overhaul (MRO) sector and the development of the India–Singapore Skilling Centre for MRO professionals in partnership with Indian universities. CapitaLand Investment shared its plans to scale up renewable energy solutions for data centres in Maharashtra and explore new opportunities in industrial parks, worker housing models, and credit financing. Meanwhile, Royal Golden Eagle (RGE) discussed its tissue and pulp operations in India, sustainable forestry initiatives, and potential knowledge exchange on reforestation practices.
In addition, Shri Goyal met with Mr. Bryan Yeo, Group CIO of GIC, and Mr. Dilhan Pillay, CEO of Temasek, to discuss scaling up India-focused investment portfolios across infrastructure, renewable energy, financial services, hospitality, and urban development. These discussions reflected Singapore’s growing interest in India’s transformative growth story and the expanding synergies between the two nations’ economies.
The visit concluded with a renewed commitment from both sides to deepen collaboration across manufacturing, infrastructure, green transition, digital economy, and financial investments. Shri Goyal’s engagements in Singapore reaffirmed the enduring strength of the India–Singapore Comprehensive Strategic Partnership, paving the way for greater innovation, sustainability, and prosperity in the years ahead.
Source: India Ministry of Commerce & Industry
