New
Delhi, June 29 (IANS) — Singapore
Foreign Minister K. Shanmugam will be here next week for discussions with the
new Indian government of Prime Minister Narendra Modi on scaling up bilateral
cooperation.
Shanmugam
will discuss two-way cooperation in various sectors, including urban
development, said Singapore High Commissioner Thuan Kuan.
Thuan
Saturday met Urban Development Minister Venkaiah Naidu and conveyed his
country’s keenness to collaborate on the sector.
Singapore
is the second largest foreign investor in India.
“India
is now like a fast train and everyone wants to get in,” Thuan remarked during
the meeting with Naidu.
Singapore
has plans to invest in the Delhi-Mumbai Industrial Corridor.
Singapore
is also India’s largest trading partner amongst the ASEAN countries and serves
as India’s gateway to ASEAN and East Asia.
The
foreign minister’s visit is taking place at time when India is reviewing all
free trade agreements it has signed. In 2005, India and Singapore had signed a
Comprehensive Economic Cooperation Agreement (CECA).
Also,
next year, Singapore and India will celebrate the 50th anniversary of the
establishment of bilateral relations.
“A very
important milestone would be the upcoming 50th anniversary. Our presidents are
going to visit each other,” Shanmugam had said after co-chairing the third
Joint Ministerial Committee meeting with then External Affairs Minister Salman
Khurshid last October.
Khurshid
had told IANS that India was drawing up a “fairly elaborate and extensive
programme of events” that would be built up to 2015 to tell the world “what an
important relationship is this”.
Business & Investment Opportunities
Saigon Business Corporation Pte Ltd (SBC) is incorporated
in Singapore since 1994.
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