India and Singapore Expand Capital Markets and Economic Collaboration

India and Singapore want to work more closely in business and finance.

Their stock exchanges are discussing ways to help companies raise money in both countries.

These ideas include trading derivatives and allowing companies to list on both exchanges.

The countries also want more banks and shops to use their linked digital payment systems.

A larger payment project called Project Nexus may begin operating by 2027.

They talked about building semiconductor factories and training workers in India.

They also discussed food supplies, food processing, and research.

Finally, they signed agreements about telecommunications, broadcasting, maritime heritage, and food safety.