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Sitharaman discusses cross-border finance and investment with Singapore bankers
India’s Finance Minister Nirmala Sitharaman visited Singapore for three days.
She met leaders from the Singapore government and Standard Chartered Bank.
They talked about making it easier for money and financial services to move between countries.
They also discussed trade, investment and how businesses can use artificial intelligence.
Sitharaman and Singapore Prime Minister Lawrence Wong reviewed ways the two countries can work together in areas such as digital payments and semiconductors.
They also talked about new forms of digital money and financial assets.
At a meeting with investors, Sitharaman discussed India’s economy and ways to attract investment.
The meetings took place while global markets face uncertainty.
Finance Minister Nirmala Sitharaman met Standard Chartered Group Chief Executive Bill Winters in Singapore to discuss trade finance, cross-border banking and financial flows.
The meeting also covered AI adoption, tax and regulatory frameworks, and opportunities for treasury centres at GIFT IFSC.
During her three-day official visit, Sitharaman met Singapore Prime Minister Lawrence Wong and President Tharman Shanmugaratnam to discuss bilateral cooperation.
Sitharaman and Wong reviewed cooperation in capital markets, payments, digitalisation, semiconductors, AI and cybersecurity, as well as tokenisation and central bank digital currencies.
At a business roundtable, global investors discussed India’s economic outlook, financial markets, investment opportunities and challenges linked to AI and global uncertainty.
- Who
- Finance Minister Nirmala Sitharaman, Standard Chartered Group Chief Executive Bill Winters, Singapore Prime Minister Lawrence Wong, and other government, banking and investment representatives.
- What
- Meetings and discussions on cross-border finance, trade, investment, technology and India-Singapore cooperation.
- Where
- Singapore.
- When
- During Sitharaman’s three-day official visit to Singapore; the Standard Chartered meeting was held on Sunday, and her meeting with Lawrence Wong was on Friday.
- Why
- To discuss strengthening financial and economic ties, supporting cross-border financial flows, and encouraging investment in India.
Key facts
- Finance Minister
- Nirmala Sitharaman
- Visit
- Three-day official visit to Singapore
- Bank executive
- Bill Winters, Standard Chartered Group Chief Executive
- Financial centre
- The discussions included opportunities to establish and expand treasury centres at GIFT IFSC.
- Bilateral cooperation
- Topics included capital markets, payments connectivity, digitalisation, semiconductors, AI and cybersecurity.
- Investor meeting
- A business roundtable included representatives from global investment firms and financial institutions.
Sources
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