1 week ago

India and Singapore deepen ties in semiconductors, green economy, shipping

India and Singapore met to make their partnership stronger.

They chose semiconductors, clean industries and cleaner shipping as important areas.

They want companies to work more closely on making computer chips and training workers.

A new green lane may help move important chip-related people, equipment and materials.

The countries also discussed green hydrogen and a cleaner digital shipping route.

Their digital payment connection, UPI–PayNow Connect, is being used more often.

India will export more fruits and processed poultry products to Singapore under food-safety cooperation.

The countries are also working together on skills, medicines, business, museums and transport.

Leaders said they would continue building links between Singapore and Indian states.

Key facts

Partnership: The Comprehensive Strategic Partnership was elevated during Narendra Modi’s Singapore visit in September 2024 and given a roadmap during Lawrence Wong’s India visit in September 2025.
Flagship areas: Semiconductors, the green economy and green shipping were identified as priority areas.
Semiconductors: A forthcoming Green Lane Initiative for SEMICON is intended to support movement of people, equipment or materials important to the semiconductor value chain.
Green shipping: The countries discussed creating a Singapore–India Green and Digital Shipping Corridor and a green digital shipping lane.
Digital payments: Officials noted a significant increase in UPI–PayNow Connect transactions.
Food trade: India’s litchis, mangoes, cherries and plums are being exported to Singapore, and Singapore approved Indian establishments for processed poultry exports.
Skills and innovation: The National Centre of Excellence for Skilling in Chennai is being developed, and the fourth Singapore–India Hackathon is scheduled for November 15–17, 2026.

financialexpress.com · 1 week ago