Both countries deliberated upon six pillars identified under Roundtable (Digitalization, skill development, sustainability, healthcare, advanced manufacturing and connectivity).
About ISMR:
- Inaugural Session: Held in New Delhi in September 2022.
- Objective: Review various aspects of Strategic Partnership and identify new avenues of cooperation for India-Singapore bilateral relations.
India-Singapore bilateral relations:
- Framework of Relationship: Key agreements include Comprehensive Economic Cooperation Agreement (CECA (2005), Double Taxation Avoidance Agreement (1994);Mutual Legal Assistance Treaty (2005) etc.
- Economy:
- Singapore is largest source of foreign direct investment (2023-24) & sixth largest global trade partners (2023-24).
- Top sectors of FDI: Services Sector, Computer Software & Hardware, Trading, Telecommunications etc.
- Singapore is largest source of foreign direct investment (2023-24) & sixth largest global trade partners (2023-24).
- International forums: Both are members of forums like East Asia Summit, G20, Commonwealth, IORA (Indian Ocean Rim Association), and IONS (Indian Ocean Naval Symposium).
- Defense: Military Exercises like SIMBEX, Bold Kurukshetra etc.
- Diaspora: Ethnic Indians constitute about 9.1 % of resident population. Tamil is one of four official languages of Singapore.
- ASEAN-India Pravasi Bharatiya Divas (PBD) was held in Singapore in 2018 as part of commemoration of 25 years of ASEAN-India Partnership.
- Science & Technology:
- In 2023, ISRO successfully launched the PSLV-C55 mission carrying two Singapore satellites.
