Singapore and India is exploring initiatives to manufacture semiconductors and build a semiconductor ecosystem in the country in the 60th year of diplomatic relationship

in currentaffairs •  9 days ago 

Strategic Relationship

Singapore’s President, Tharman Shanmugaratnam, emphasized the strong and long-standing partnership between India and Singapore, established since India’s recognition of Singapore’s independence in 1965.
Singapore has been the largest investor in India for several years.

Digital Initiatives

Both nations are exploring the possibility of a secure data corridor between Gift City (India) and Singapore to facilitate safe financial data exchange.
Renewable Energy and Regional Development
Collaboration is being pursued in renewable energy.
India’s eastern states, such as Odisha and Assam, were highlighted for their natural resources and potential in logistics, connectivity, and petrochemicals.

Upgraded Relations

Relations between India and Singapore were upgraded to a Comprehensive Strategic Partnership during Prime Minister Modi’s visit to Singapore in September 2024.
Commemoration of Diplomatic Ties
President Shanmugaratnam, along with President Droupadi Murmu, launched a joint logo to mark the 60th anniversary of diplomatic relations between the two nations.
The year 2025 will witness a series of events and exchanges to celebrate this milestone.

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