Indian Economy News

Union Minister of Commerce and Industry Mr. Piyush Goyal Strengthens India-Singapore Economic Partnership through High-Level Bilateral and Business Engagements

Union Minister of Commerce and Industry Mr. Piyush Goyal undertook a series of high-level bilateral and business engagements in Singapore on August 20, 2026, aimed at strengthening India-Singapore cooperation in trade, investment, technology and business. The Minister called on Singapore Prime Minister Mr. Lawrence Wong at the Istana and participated in the 4th India-Singapore Ministerial Roundtable (ISMR) and 4th India-Singapore Business Roundtable (ISBR). The discussions focused on identifying new avenues for mutually beneficial economic cooperation, followed by a Memorandum of Understanding (MoU) signing ceremony. The engagements also included Government-to-Business meetings with senior representatives from the Global Finance & Technology Network (GFTN) and Keppel Infrastructure, covering areas such as agri-exports, Global Capability Centre-based commercial parks, fintech and sustainable infrastructure.

The Minister also jointly visited an Agricultural and Processed Food Products Export Development Authority (APEDA)-FairPrice initiative at City Square Mall with Singapore’s Minister of State for Foreign Affairs and Trade & Industry Mr. Gan Siow Huang, highlighting expanding agricultural trade and market linkages between the two countries. Later, Mr. Piyush Goyal participated in the India-Singapore Business Forum organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) at the INSEAD Asia Campus, where he joined a fireside chat on India’s role in the new global growth equation and interacted with the business community. The high-level engagements are expected to further strengthen India-Singapore business-to-business linkages and create opportunities across trade, investment, technology and emerging sectors. The participation of senior ministers from both countries also underscores the strategic importance attached to deepening the bilateral economic partnership and supporting mutually beneficial growth.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.