Union Minister of Commerce & Industry Piyush Goyal recently concluded a productive three-day official visit to Singapore, aiming to significantly strengthen trade relations, enhance comprehensive cooperation, and explore new avenues for future bilateral growth. The visit underscored India's robust growth trajectory, its unwavering commitment to investment-led reforms, and the vast opportunities it presents to global partners across critical sectors such as manufacturing, infrastructure, financial services, and the burgeoning green economy.

During his visit, Minister Goyal held high-level meetings with key Singaporean leadership. He met with Prime Minister Lawrence Wong, where discussions reaffirmed both nations' commitment to fortifying their comprehensive strategic partnership, building on existing momentum and vast future potential. In a subsequent bilateral meeting, Goyal engaged with Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong. Their discussions primarily focused on deepening industrial and trade cooperation between India and Singapore, involving industry leaders and officials from both countries, with an emphasis on meaningful engagements and robust public-private collaborations.

Further diplomatic engagements included a meeting with Minister for Foreign Affairs Vivian Balakrishnan. This interaction served as a follow-up to the India-Singapore Ministerial Roundtable, with both sides reaffirming strategic trust and alignment on shared regional and global economic priorities, particularly advancing cooperation in trade and investment.

Beyond government-to-government interactions, Minister Goyal also held significant meetings with prominent financial and investment leaders. He met Bryan Yeo, Group CIO of GIC, and Dilhan Pillay, CEO of Temasek. These discussions centered on strategies to scale up India-focused investment portfolios across diverse sectors, including infrastructure, hospitality, renewable energy, financial services, and urban development, highlighting a shared interest in strengthening investment ties.

A critical component of the visit was a Business Roundtable specifically addressing Foreign Direct Investment (FDI) in the manufacturing sector. This event saw the participation of key decision-makers from influential chambers of commerce, including AmCham, EuroCham, and the German Chamber of Industry & Commerce, alongside other prominent business leaders. In addition to these large-scale engagements, Goyal conducted strategic business meetings with leading Singaporean corporates and institutional investors to foster direct collaboration.

Specific corporate interactions during the visit yielded concrete outcomes. At SIA Engineering Company (SIAEC), discussions focused on India's rapidly expanding Maintenance, Repair & Overhaul (MRO) sector. There was a particular emphasis on the need to fast-track the establishment of an India-Singapore Skilling Centre for MRO professionals, to be developed in collaboration with Indian universities. CapitaLand Investment conveyed its commitment to expanding renewable energy solutions, particularly for data centers in Maharashtra, while also expressing interest in industrial parks, innovative worker housing models, and potential entry into credit financing. Royal Golden Eagle (RGE) provided updates on its tissue and pulp operations in India, discussed operational challenges, and expressed a strong interest in knowledge exchange concerning sustainable forestry and reforestation practices, underscoring a commitment to environmental stewardship.