Post by : Raman

Photo : PTI

India and Singapore on Thursday unveiled a new roadmap to deepen their comprehensive strategic partnership, with Prime Minister Narendra Modi and Singapore’s Prime Minister Lawrence Wong leading the initiative. The leaders highlighted the importance of working closely on digital technologies, financial innovation, and counterterrorism while signing key agreements, including one on digital asset innovation.

The announcement follows Prime Minister Wong’s visit to New Delhi, which began on Tuesday. During the visit, the two leaders held extensive discussions covering all aspects of bilateral relations. Modi emphasized that India-Singapore ties go beyond traditional diplomacy, encompassing economic, technological, and security collaboration.

Focus on Digital and Financial Cooperation

Prime Minister Modi said both countries will enhance cooperation in artificial intelligence, quantum computing, and other digital technologies. These efforts aim to harness innovation and technology to benefit citizens of both countries while supporting global progress.

The leaders also discussed the financial sector. A key agreement was signed between the Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) to collaborate on digital asset innovation. This agreement will help both countries explore new technologies in finance, including digital currencies and blockchain-based financial services, fostering innovation and secure financial systems.

Counterterrorism and Security Cooperation

Addressing security concerns, Prime Minister Modi highlighted the shared commitment of India and Singapore to combat terrorism. He said, “We share common concerns regarding terrorism. Fighting against terrorism with unity is the duty of all countries that believe in humanity.” The two nations agreed to strengthen intelligence sharing, joint training programs, and security cooperation to ensure regional stability.

Prime Minister Wong also spoke about the importance of the partnership in today’s uncertain global environment. He noted that the India-Singapore partnership is vital for maintaining peace, economic growth, and stability in Asia and beyond.

Agreements and Initiatives Signed

Following their talks, several agreements were signed between the two countries to enhance collaboration. Key initiatives include:

• Digital Asset Innovation: A pact between RBI and MAS to explore new financial technologies, digital currencies, and blockchain solutions.

• Technology Collaboration: Agreements to expand cooperation in AI, quantum computing, and other digital technologies for mutual growth.

• Counterterrorism Cooperation: Measures to share intelligence, improve security, and combat terrorism effectively.

These agreements reflect the growing importance of the India-Singapore partnership, which is guided by shared values, mutual interests, and a vision for peace and prosperity.

Strategic Importance of the Partnership

India and Singapore have enjoyed a strong relationship for decades, based on trust, trade, investment, and shared democratic values. In recent years, both countries have worked to expand cooperation in multiple areas, including technology, finance, security, and urban development.

Prime Minister Modi emphasized that the partnership is not only beneficial bilaterally but also contributes to regional stability and economic growth. He said that India and Singapore will continue to work together to address challenges arising from global geopolitical turbulence and technological change.

Shared Vision for the Future

Both leaders expressed confidence that their countries’ strategic partnership will continue to grow in the coming years. By strengthening collaboration in technology, finance, and security, India and Singapore aim to set an example of forward-looking international cooperation.

The roadmap unveiled on Thursday lays a clear path for enhanced engagement in key sectors and provides a framework for future initiatives. It is expected to open new opportunities for businesses, improve technological capabilities, and strengthen both countries’ positions in the global economy.

The India-Singapore roadmap announced by Prime Ministers Narendra Modi and Lawrence Wong marks a significant step in strengthening one of Asia’s most important partnerships. By focusing on technology, finance, and security, both countries are preparing for a future of shared growth, innovation, and stability.

Through these initiatives, India and Singapore aim to deepen trust, expand collaboration, and enhance prosperity for their citizens, while also addressing challenges posed by global uncertainty and regional risk

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