+
India and Singapore sign semiconductors and digital cooperation pacts
ECONOMY & POLICY

India and Singapore sign semiconductors and digital cooperation pacts

India and Singapore have signed a significant bilateral agreement to collaborate in the semiconductor industry, aiming to boost India’s growing semiconductor sector while facilitating the entry of Singaporean companies into the Indian market. This development took place during Prime Minister Narendra Modi's two-day visit to Singapore, where both nations agreed to strengthen their relationship to a ‘Comprehensive Strategic Partnership’ ahead of the 60th anniversary of diplomatic ties next year. As part of the visit, several MoUs were signed, covering areas like semiconductors, digital cooperation, education, skills development, and healthcare. PM Modi, alongside Singaporean Prime Minister Lawrence Wong, visited AEM Holdings Ltd's semiconductor facility, where they were briefed by the Singapore Semiconductor Industry Association.

Singapore, known for its expertise in producing low-end chips essential for electric vehicles and smartphones, has a semiconductor industry that constitutes 7-8% of its GDP and contributes 10% to global semiconductor output. The collaboration will support India’s aim to establish itself as a global semiconductor manufacturing hub, particularly in sectors like electronics and electric vehicles.

The digital cooperation pact focuses on governance frameworks for data protection, enabling secure data flows and cooperation between cybersecurity agencies in both countries. Additionally, both leaders discussed enhancing partnerships in sustainability, green hydrogen, green ammonia, and emerging critical technologies.

Singapore is India's sixth-largest trading partner, with bilateral trade worth $35.3 billion. PM Modi also held meetings with key business leaders from major firms such as Blackstone Singapore, Temasek Holdings, and Singapore Airlines.

(business standard)

India and Singapore have signed a significant bilateral agreement to collaborate in the semiconductor industry, aiming to boost India’s growing semiconductor sector while facilitating the entry of Singaporean companies into the Indian market. This development took place during Prime Minister Narendra Modi's two-day visit to Singapore, where both nations agreed to strengthen their relationship to a ‘Comprehensive Strategic Partnership’ ahead of the 60th anniversary of diplomatic ties next year. As part of the visit, several MoUs were signed, covering areas like semiconductors, digital cooperation, education, skills development, and healthcare. PM Modi, alongside Singaporean Prime Minister Lawrence Wong, visited AEM Holdings Ltd's semiconductor facility, where they were briefed by the Singapore Semiconductor Industry Association. Singapore, known for its expertise in producing low-end chips essential for electric vehicles and smartphones, has a semiconductor industry that constitutes 7-8% of its GDP and contributes 10% to global semiconductor output. The collaboration will support India’s aim to establish itself as a global semiconductor manufacturing hub, particularly in sectors like electronics and electric vehicles. The digital cooperation pact focuses on governance frameworks for data protection, enabling secure data flows and cooperation between cybersecurity agencies in both countries. Additionally, both leaders discussed enhancing partnerships in sustainability, green hydrogen, green ammonia, and emerging critical technologies. Singapore is India's sixth-largest trading partner, with bilateral trade worth $35.3 billion. PM Modi also held meetings with key business leaders from major firms such as Blackstone Singapore, Temasek Holdings, and Singapore Airlines. (business standard)

Related Stories

Gold Stories

Next Story
Infrastructure Urban

TransIndia Launches World View Collection at Meridian

TransIndia Group has recently launched ‘The World View Collection’ at TransIndia Meridian, its residential development in Mumbai’s Sion-Matunga Corridor. The campaign introduces residences located on the 22nd floor and above, offering expansive views of the cityscape, Eastern Bay and the sea.The collection positions elevation as an integral part of the living experience, with the higher-floor homes designed around openness, changing skylines and wider city views. Rather than focusing only on floor height, the campaign highlights how elevated residences can offer a different perspective o..

Next Story
Real Estate

Villaro Design Studio Opens on MG Road in Delhi

Furniture designer Yuvraj Vohra has recently launched the new Villaro Design Studio on MG Road, Delhi, introducing a furniture brand built around an architectural approach to design, materiality and craftsmanship.Trained as an architect, Vohra approaches furniture as an integral part of the spatial experience rather than as standalone objects. Villaro's design philosophy focuses on proportion, material expression and the relationship between furniture and its surrounding architecture.The collection explores combinations of stone, marble, wood, metal and upholstery, with materials treated as st..

Next Story
Infrastructure Urban

India-Belgium Trade Shows Signs of Recovery in FY2026

India-Belgium economic relations are gaining renewed momentum following Belgian Prime Minister Bart De Wever’s three-day official visit to India from September 2–4, 2026. The visit, the first by a Belgian Prime Minister to India in two decades, focused on strengthening cooperation across trade, investment, defence, technology, connectivity and logistics.Belgium is an important European investment and trading partner for India, with cumulative foreign direct investment inflows of around $4.25 billion between April 2000 and March 2026. The country is a major European manufacturing, trade and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code