Important MoUs in the areas of digital technologies, semiconductors, health cooperation, and skill development were signed by Singapore and India on Wednesday. These agreements will deepen their collaboration.
Following a conversation between Prime Minister Narendra Modi, who is now visiting Singapore, and his counterpart Lawrence Wong, the agreements were inked.
What are the key Memorandums of Understandings (MoUs) signed by India and Singapore?
Singapore’s Ministry of Digital Development and Information and India’s Ministry of Electronics and Information Technology signed the first MoU to collaborate on digital technology. This will make it easier for the two nations to work closely together in the fields of new technologies like super-computing, quantum computing, and artificial intelligence, as well as digital technologies like DPI, cyber-security, and 5G. Additionally, it will make collaboration possible for people who want to retrain or upskill in the digital field.
The Ministry of Electronics and Information Technology of India and the Ministry of Trade and Industry of Singapore inked the Memorandum of Understanding about the semiconductor ecosystem partnership between the two countries. In accordance with this agreement, Singapore and India will work together to create a semiconductor cluster and nurture talent in the design and production of semiconductors. Additionally, it will make Singapore’s investments in India easier.
With 10% of the world’s total chip production and 20% of the world’s total manufacture of semiconductor manufacturing equipment, Singapore is a crucial link in the global semiconductor supply chain.
The Ministries of Health and Family Welfare of Singapore and India have inked another Memorandum of Understanding on collaboration in the medical arena. This agreement will foster greater collaboration in the development of human resources within the pharmaceutical and healthcare industries, as well as cooperative efforts on research and innovation in areas of shared interest. Additionally, the deal will support New Delhi’s initiatives to advance Indian medical experts in Singapore.
Singapore’s Ministry of Education and India’s Ministry of Skill Development and Entrepreneurship inked the final agreement on educational collaboration and skills development. This agreement will supplement the continuing active engagement in skill development and aim for tighter cooperation in the areas of technical and vocational education and training.
PM Modi receives ceremonial welcome at Singapore’s Parliament House.
Lawrence Wong, the counterpart of Prime Minister Narendra Modi, also had discussions with him.
In his first speech, Modi stated that Singapore is not just a partner country but also an example for all emerging nations.
“A new chapter in ties: Comprehensive Strategic Partnership established. PM @narendramodi and PM @LawrenceWongST held a productive meeting in Singapore today,” Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said in a post on X after the meeting.
“The leaders agreed to elevate the ties to the Comprehensive Strategic Partnership. They extensively reviewed various facets of the bilateral relationship, covering areas of advanced manufacturing, connectivity, digitalization, healthcare & medicine, skills development, and sustainability,” he said.
In his introductory statement, Modi thanked Wong for the warm welcome. Wong welcomed Modi with ceremonial honors at Singapore’s Parliament House after his arrival on Wednesday. After arriving, Modi met with Singaporean ministers and delegates and signed the visitors’ book at Parliament House.
Following a lunch provided by Senior Minister Lee Hsien Loong, Modi will accompany Singapore’s PM to a semiconductor factory owned by AEM Holdings Ltd. He will next meet with Emeritus Senior Minister Goh Chok Tong and President Tharman Shanmugaratnam.
Additionally, Modi is scheduled to meet with CEOs in Singapore for business.
Also read: Strengthening the prospects of data center industry with quality air solutions
Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter
About us:
CIO News is the premier platform dedicated to delivering the latest news, updates, and insights from the CIO industry. As a trusted source in the technology and IT sector, we provide a comprehensive resource for executives and professionals seeking to stay informed and ahead of the curve. With a focus on cutting-edge developments and trends, CIO News serves as your go-to destination for staying abreast of the rapidly evolving landscape of technology and IT. Founded in June 2020, CIO News has rapidly evolved with ambitious growth plans to expand globally, targeting markets in the Middle East & Africa, ASEAN, USA, and the UK.
CIO News is a proprietary of Mercadeo Multiventures Pvt Ltd.
