Union Minister of Commerce & Industry Piyush Goyal undertook a three-day official visit to Singapore, aimed at bolstering bilateral trade, investment, and strategic cooperation. The visit underscored India’s strong economic growth, reform-driven investment climate, and the opportunities available for global partners in manufacturing, infrastructure, financial services, and the green economy.
During his engagements with Singapore’s leadership, Goyal called on Prime Minister Lawrence Wong, where discussions focused on deepening trade and investment linkages, expanding cooperation in innovation and digital connectivity, and identifying new avenues in sustainable development. He also held meetings with Foreign Minister Dr. Vivian Balakrishnan and Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong, reaffirming the two nations’ strategic trust and commitment to advancing regional and global economic priorities.
A key highlight of the visit was the Business Roundtable on Foreign Direct Investment in the Manufacturing Sector, attended by representatives of AmCham, EuroCham, the German Chamber of Industry & Commerce, and other business leaders. In his keynote address, Goyal emphasised India’s robust economic trajectory, pro-investment policies, and strategic push to establish itself as a global manufacturing hub.
On the business front, the Union Minister held a series of high-level meetings with leading Singaporean corporates and institutional investors. At SIA Engineering Company, discussions focused on India’s fast-growing Maintenance, Repair & Overhaul (MRO) sector and expediting the proposed India–Singapore Skilling Centre for MRO professionals in partnership with Indian universities.
CapitaLand Investment reaffirmed its commitment to expanding renewable energy solutions for data centres in Maharashtra, while also exploring opportunities in industrial parks, worker housing, and credit financing. Royal Golden Eagle (RGE) updated the Minister on its tissue and pulp operations in India, discussed operational challenges, and expressed interest in knowledge exchange on sustainable forestry and reforestation practices.
Meetings with GIC CEO-Designate Bryan Yeo and Temasek CEO Dilhan Pillay centred on scaling up India-focused portfolios across infrastructure, hospitality, renewable energy, financial services, and urban development.
The visit reaffirmed the long-standing strategic and economic partnership between India and Singapore, with both sides agreeing to deepen cooperation in manufacturing, infrastructure, the digital economy, financial investments, and the green transition.