High-level visit by Singapore ministers to Mumbai marks new milestones in port, logistics, and data infrastructure, with over S$3 billion in fresh commitments
Singapore’s economic partnership with India reached a new high as Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong, together with Acting Minister for Transport Jeffrey Siow (萧振祥), visited Mumbai for a strategic engagement with Maharashtra Chief Minister Devendra Fadnavis. The visit underscored Singapore’s long-standing commitment to India’s infrastructure growth and signalled the start of a deeper phase of bilateral economic cooperation.
At the heart of the trip was a spotlight on PSA India’s newly completed Bharat Mumbai Container Terminal (BMCT) Phase 2 at Jawaharlal Nehru Port. This state-of-the-art facility has now become India’s largest standalone container terminal, representing a major step forward in improving cargo capacity and maritime connectivity. Operated by PSA International, a Singapore-based port group, the terminal is set to play a pivotal role in transforming India’s logistics and trade infrastructure.
Adding to the momentum, Singapore’s CapitaLand marked its growing footprint in India with the announcement of its first data centre in the country. With a strategic eye on the digital economy, CapitaLand India committed S$2.8 billion towards the development of business and industrial parks, as well as data centre projects across key Indian cities. This move complements the region’s rising demand for robust digital infrastructure and enhances Singapore’s standing as a partner in India’s tech-driven growth.
Meanwhile, Mapletree Investments, another major Singaporean real estate and logistics player, revealed plans to invest S$450 million in industrial parks, logistics hubs, and data centres throughout Maharashtra. These high-value announcements were formalised through several Memoranda of Understanding (MOUs), reinforcing the confidence Singaporean investors have in India’s growth trajectory and policy stability, especially in the dynamic western state.
This high-level visit and the slew of investments reaffirm the close and resilient relationship between Singapore and India. As both nations look to the future, enhancing infrastructure, connectivity, and digital capabilities will pave the way for new opportunities across industries, encouraging deeper business ties and mutual prosperity.
Source: Enterprise Singapore
