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India-Singapore relationship evolves well beyond traditional trade: Rajesh Agrawal
Aug-18-2025

Special Secretary, Department of Commerce, Ministry of Commerce and Industry, Rajesh Agrawal has said that the India-Singapore relationship has evolved well beyond traditional trade. During the 4th Meeting of the India-Singapore Joint Working Group on Trade & Investment (JWGTI), he also noted that while the two countries already enjoy robust engagement in trade and investment, there remain ample opportunities for further cooperation.

Discussions during the JWGTI focused on deepening bilateral trade and investment ties, identifying priority sectors for greater alignment, improving logistics and supply chains, streamlining regulatory frameworks, and exploring ways to facilitate cross-border trade. Besides, the meeting reviewed ongoing collaboration in areas such as the semiconductor sector and digitalisation of trade, and explored potential partnerships in skills development, capacity building, and other emerging sectors for mutual benefit. Both sides agreed on the importance of more frequent engagements to translate these opportunities into concrete outcomes.

Meanwhile, Singapore is India’s largest trading partner within ASEAN, with total bilateral trade of $34.26 billion during 2024-25. It is also India’s second-largest source of Foreign Direct Investment (FDI), with equity inflows of $163.85 billion (Rs 11,24,509.65 crore) between April 2000 and July 2024, accounting for about 24% of India’s cumulative inflows.


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