• External Affairs Minister S. Jaishankar termed Singapore the “heart” of India’s Act East Policy during his official visit, ahead of his trip to China.
• India-Singapore ties were elevated to a Comprehensive Strategic Partnership during PM Modi’s 2024 visit, reinforcing shared vision amid a multipolar global shift.
• The two nations will soon hold the third India-Singapore Ministerial Roundtable in New Delhi, reviewing outcomes from past summits and boosting cooperation further.
• Key focus areas include: investments, semiconductors, industrial parks, infrastructure, skill development, and connectivity.

Economic & Technological Cooperation Highlights

• India is Singapore’s 4th-largest tourist source, with over 650,000 Indian visitors in 2006.
•  Sectors of collaboration: aviation, aerospace, space tech, IT, biotech, energy, and education.
• Singapore is a global semiconductor hub, producing ~10% of the world’s output and 5% of wafer fabrication.
•  The sector is key to its economy, with nine of the world’s top 15 semiconductor firms present in Singapore.
•  Comprehensive Economic Cooperation Agreement (CECA), signed in 2005, enhances bilateral trade and supports cooperation in infrastructure, finance, IP, and technology.