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

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.