India-Singapore trade doubles to $17 billion since 2005

It outlines commitments to deepen cooperation in political, defence, economic, and cultural sectors.

Who it concerns: The agreement involves the governments of India and Singapore. Specific entities and sectors named include the Foreign and Defence Ministries, the Indian Navy and Republic of Singapore Navy, Coast Guards, the Indian Ministry of Commerce and Industry, the Singapore Ministry of Trade and Industry, the railways sector, SMEs, aviation and maritime sectors, urban planning bodies, the Institute of Technical Education, Industrial Training Institutes (ITIs), the Archaeological Survey of India (ASI), the Asian Civilisations Museum (ACM), the Indian Council for Cultural Relations (ICCR), and the National University of Singapore.

What was agreed

• Signing of a revised Defence Cooperation Agreement to upgrade bilateral defence relations.
• Operationalisation of the Technical Agreement on the Sharing of White-Shipping Information between the Indian Navy and Singapore Navy.
• Signing of a Memorandum of Understanding (MoU) on Cooperation in Cyber Security.
• Signing of an MoU on Cooperation in Combating Illicit Trafficking in Narcotic Drugs, Psychotropic Substances and their Precursors.
• Aspiration to double two-way trade, which has reached US$17 billion since 2005.
• Aim to double Singaporean investments in India.
• Exploration of feasibility for Singapore companies to participate in the redevelopment of railway platforms in India.
• Signing of an MoU on Cooperation in Civil Aviation Sector to facilitate airport development collaboration in India.
• Singapore’s contribution of the Master Plan for the new Capital City of Andhra Pradesh, Amaravati.
• Signing of an MoU in Urban Planning and Governance for training Indian urban administrators in Singapore.
• Singapore’s contribution to upgrading selected Industrial Training Institute (ITI) centres in India, including in New Delhi and Rajasthan.
• Signing of the 6th Executive Programme on Cooperation in Arts, Heritage, Archives and Library for 2015-18.
• Extension of the loan agreement for artefacts between the Archaeological Survey of India (ASI) and the Asian Civilisations Museum (ACM).

Also in the document

• Two-way trade between India and Singapore has more than doubled since 2005 to US$17 billion.
• Singapore provided the Master Plan for the new Capital City of Andhra Pradesh, Amaravati.
• India included Singapore in its Electronic Tourist Visa Scheme.
• Singapore returned the statue of Uma Parameshwari to India.