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External Affairs Minister S Jaishankar, Finance Minister Nirmala Sitharaman, Minister of Commerce and Industry Piyush Goyal and Minister for Information and Broadcasting and Electronics and Information Technology Ashwini Vaishnaw with Deputy Prime Minister of Singapore Gan Kim Yong, Minister for Foreign Affairs of Singapore Vivian Balakrishnan, Minister for Digital Development and Information of Singapore Josephine Teo and others during the 3rd India Singapore Ministerial Roundtable (ISMR), in New Delhi
| Photo Credit:
PTI
India and Singapore discussed further broadening and deepening bilateral cooperation in areas such as trade, connectivity and digitisation at the third India-Singapore Ministerial Roundtable (ISMR) in New Delhi on Wednesday.
External Affairs Minister S Jaishankar, Commerce Minister Piyush Goyal, Finance Minister Nirmala Sitharaman and Electronics and Information Technology Minister Ashwini Vaishnaw participated in the roundtable with a visiting delegation of six top Ministers from Singapore led by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong.
“The ISMR had a productive interaction with the India Singapore Business Roundtable delegation. Synergy between Government & Industry is key to unlocking the next phase of India-Singapore ties,” Jaishankar said in a post on social media platform X.
The Singapore delegation included National Security and Home Affairs Minister K Shanmugam, Foreign Minister Vivian Balakrishnan, Digital Development and Information Minister Josephine Teo, Minister for Manpower Tan See Leng and Acting Minister for Transport Jeffrey Siow.
ISMR’s inaugural meeting was held in New Delhi in September 2022 and the second meeting was held in Singapore in August 2024.
Singapore is among India’s largest trade and investment partner in the ASEAN and accounted for 27.83 per cent of the country’s overall trade with the 10-member bloc in 2024-25. India’s imports from Singapore in FY25 were at $ 21.3 billion while its exports to the country were at $ 13 billion.
Singapore is the leading source of foreign direct investment into India. Over the last 25 years, the total investment into India from Singapore is almost $174.8 billion and accounts for nearly 24 per cent of the total FDI inflows, according to government figures.
Published on August 13, 2025
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