India, Singapore Secure Major Investment Commitments
India, Singapore Secure Major Investment Commitments
India, Singapore Secure Major Investment Commitments
News summary

India is reviewing its trade agreement with Malaysia to address the growing trade deficit, focusing on rules of origin and non-tariff barriers impacting exports like petroleum and aluminium products. Concurrently, Prime Minister Narendra Modi's visit to Singapore has resulted in significant investment commitments of over Rs 5 lakh crore from leading Singaporean businesses, emphasizing opportunities in infrastructure, aviation, and the semiconductor sector. Modi highlighted India's strong economic growth, ease of doing business, and the need for more airports, inviting Singaporean companies to participate in India's development. External Affairs Minister S. Jaishankar echoed the sentiments, stressing the importance of modernizing India-Singapore ties and leveraging mutual trust for closer collaboration in a changing global landscape.

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