📷 Image: Wikimedia Commons / Ministry of Commerce and Industry (India)
Business
India vows to deepen economic partnership with Singapore, says Minister Piyush Goyal
✍️ DD News
🗓 28 Oct 2026, 07:50 AM
👁 11
Commerce Minister Piyush Goyal announced that India is committed to strengthening economic ties with Singapore, aiming for greater trade and investment collaboration.
New Delhi – Commerce and Industry Minister Piyush Goyal stated that India will intensify its economic engagement with Singapore. The commitment focuses on expanding bilateral trade and encouraging mutual investments.
Goyal highlighted the strategic importance of Singapore as a gateway to Southeast Asian markets and emphasized the need for deeper cooperation in sectors where both economies have complementary strengths.
The minister’s remarks underscore a broader policy drive to diversify India’s trade partners and attract high‑value foreign investment, aligning with the government’s agenda of boosting economic growth through international partnerships.
While specific initiatives were not detailed, the declaration signals a readiness to explore new avenues of collaboration, including finance, technology and services, to benefit businesses in both countries.
Analysts view the pledge as a positive step toward reinforcing India’s presence in the Asian economic landscape and fostering a more resilient trade network.
Goyal highlighted the strategic importance of Singapore as a gateway to Southeast Asian markets and emphasized the need for deeper cooperation in sectors where both economies have complementary strengths.
The minister’s remarks underscore a broader policy drive to diversify India’s trade partners and attract high‑value foreign investment, aligning with the government’s agenda of boosting economic growth through international partnerships.
While specific initiatives were not detailed, the declaration signals a readiness to explore new avenues of collaboration, including finance, technology and services, to benefit businesses in both countries.
Analysts view the pledge as a positive step toward reinforcing India’s presence in the Asian economic landscape and fostering a more resilient trade network.