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India-Singhapore: This meeting between India and Singapore will not only fill the agreement on agreements, but it can prove to be a new height milestone between the two countries.
India-Singapore: India and Singapore are preparing to finalize about 10 agreements (MUS) in areas such as advanced technology, connectivity, skill development and digitization in the high level ministerial meeting to be held this week. Through these initiatives, the two countries will not only strengthen economic and technical partnership, but will also establish new dimensions in energy and data connectivity.
Historical steps in data connectivity
An ambitious proposal will also be discussed in the meeting, under which a cable will be laid under the sea to deliver solar energy from India to Singapore. This cable will not only exchange green energy, but will also provide data connectivity. Although technical challenges have come out due to Andaman trench, both countries are searching for solutions to make this project possible.
Export of green ammonia
The export of green hydrogen and green ammonia from India to Singapore is also included in the discussion agenda. This initiative will give a new direction to energy cooperation between the two countries and will strengthen the goal of sustainable development.
Big investment in skill development
The two countries are planning to provide skill development training to 1 lakh Indian youth annually. This training will be focused on areas such as aviation, semiconductors and advance manufacturing. Along with this, the establishment of financial data regulatory “Sandbox” in Gift City, Gujarat is also part of data connectivity initiative.
New pace for trade and investment
The Indo-Singapore ministerial meeting (ISMR) will also emphasize on increasing trade and encouraging Singapore’s investment. Singapore is India’s largest trading partner in ASEAN and FDI is a major source of foreign portfolio investment and external commercial borrowings. Singapore was India’s sixth largest trading partner in the last financial year, with imports at $ 21.2 billion and exports at $ 14.4 billion.
This meeting between India and Singapore will not only be filled with signature on agreements, but it can prove to be a new height to a comprehensive strategic partnership between the two countries. Whether it is about green energy, technical cooperation or skill development, the impact of this partnership will look clear on the economy and global role of both countries in the coming years.
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