Piyush Goyal pushes for greater India-Singapore economic, investment ties

Commerce Minister Piyush Goyal met with key business leaders in Singapore to bolster economic and investment ties between India and Singapore. During his visit, Goyal engaged in discussions with Singapore Business Federation Chairman Mark Lee and Temasek Holdings CEO Dilhan Sandrasegara, focusing on expanding business-to-business collaboration and deepening investment partnerships.

The talks emphasized India's robust economic fundamentals and investment opportunities, presenting significant potential for long-term cooperation. Goyal also met with Fortis Healthcare Chairman Leo Puri and IHH Healthcare Group CEO Dr. Prem Nair to explore ways to strengthen healthcare sector ties. The talks aimed to promote India-Singapore cooperation, particularly in healthcare, a sector crucial for attracting global investors.

Additionally, Goyal addressed the India-Singapore Business Forum and visited a special exhibition showcasing Indian agricultural products, aiming to boost agri-export opportunities to Singapore. Throughout his visit, Goyal highlighted India's growing role as a major investor, with Singapore being its largest source of foreign direct investment (FDI) in FY2025-26, totaling USD 19.8 billion.

The cumulative FDI from Singapore since 2000 reached USD 194.68 billion, while bilateral trade between the two nations surged from USD 6.7 billion in FY2004-05 to USD 36.1 billion in FY2025-26.