Minister Sitharaman discussed investment opportunities, financial innovation and bilateral cooperation during her visit.
India’s Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, held a series of high-level meetings in Singapore with government leaders, financial institutions and global investors to discuss economic cooperation, investment opportunities and emerging technologies. Her engagements focused on advancing the India-Singapore Comprehensive Strategic Partnership (CSP) and attracting investment into India’s growing economy.
During her visit, Minister Sitharaman called on President Tharman Shanmugaratnam at The Istana, where they exchanged views on the CSP and bilateral cooperation. She also met Prime Minister Lawrence Wong to review progress following the fourth India-Singapore Ministerial Roundtable (ISMR). Their discussions covered capital markets, digital payments, semiconductors, artificial intelligence (AI), cybersecurity and central bank digital currencies (CBDCs). The also discussed on strengthening cooperation between India and ASEAN, especially ahead of Singapore’s ASEAN Chairmanship in 2027.
In a separate meeting with Singapore’s Minister for Foreign Affairs Vivian Balakrishnan, Minister Sitharaman discussed global economic challenges, India’s economic performance and opportunities for technological cooperation. She also highlighted selected infrastructure projects for consideration by Singaporean investors.
Minister Sitharaman also met business leaders from GIC, Temasek, Wellington Management, TPG, British International Investment, DBS Bank, Standard Chartered, CapitaLand Investment and IHH Healthcare to discuss investment opportunities in India, particularly in infrastructure, financial services, renewable energy, manufacturing and healthcare. She also participated in a business roundtable with global investment firms, including BlackRock, PIMCO, Carlyle, Citadel, JPMorgan and Deutsche Bank, focusing on India’s economic resilience, financial markets and opportunities to attract international capital.
Technology and financial innovation were another focus during her official visit. During a meeting with CEO of Intel Mr. Lip-Bu Tan, Minister Sitharaman highlighted opportunities under India Semiconductor Mission (ISM) and encouraged investment in semiconductor training and AI skills development. She also met Mr. Sing Chiong Leong, Deputy Managing Director of the Monetary Authority of Singapore (MAS), to discuss emerging financial technologies, including tokenisation, interoperability and regulatory challenges. Finally, Minister Sitharaman met Singapore Business Federation (SBF) Chairman Mr. Mark Lee and other SBF representatives to discuss business matching and future visits by Singaporean business delegations to India.
Source: High Commission of India in Singapore
