2nd India-Singapore Ministerial Roundtable (ISMR) 2024: Strengthening Bilateral Ties
| Aspect | Details |
|---|---|
| Event | 2nd India-Singapore Ministerial Roundtable (ISMR) |
| Date | 26 August 2024 |
| Location | Singapore |
| Purpose | To enhance strategic and bilateral ties between India and Singapore |
| 1st ISMR | Held in New Delhi on 17 September 2022 |
| Indian Delegation | Nirmala Sitharaman (Finance), Dr. S. Jaishankar (External Affairs), Piyush Goyal (Commerce), Ashwini Vaishnaw (Electronics & IT) |
| Singaporean Delegation | Led by Deputy PM Gan Kim Yong, with Dr. Vivian Balakrishnan, K. Shanmugam, Josephine Teo, Dr. Tan See Leng, and Chee Hong Tat |
| Key Areas of Focus | Digitalisation, skill development, sustainability, healthcare, advanced manufacturing, connectivity |
| India-Singapore FDI | Singapore was India's largest source of FDI (USD 11.77 billion, FY 2023-24) |
| Bilateral Trade | 6th largest trade partner (USD 35.61 billion) |
| Trade Deficit | India faced a deficit of USD 6.79 billion (Imports: USD 21.2 billion, Exports: USD 14.41 billion) |
| Singapore's Location | Southeast Asia |
| Singapore's Population | Diverse, with ethnic Chinese as the majority, followed by Malays and Indians |
| Singapore's President | Tharman Shanmugaratnam |
| Singapore's Prime Minister | Lawrence Wong |
| Capital of Singapore | Singapore |
| Currency | Singapore Dollar |