Union Minister of Commerce & Industry, Shri Piyush Goyal, embarked on a three-day official visit to Singapore from October 1–3, 2025, to strengthen India’s strategic and economic partnership with the island nation. The visit emphasized India’s rapid economic growth, pro-investment reforms, and the vast opportunities available for global partners across manufacturing, infrastructure, financial services, and the green economy.
During the visit, Shri Goyal held high-level engagements with Singapore’s leadership. He met Prime Minister Lawrence Wong to discuss enhancing trade and investment linkages, promoting digital connectivity, and exploring sustainable development initiatives. In discussions with Foreign Minister Dr. Vivian Balakrishnan, both sides reaffirmed their strategic trust and alignment on regional and global economic priorities. A bilateral meeting with Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong, focused on deepening industrial cooperation and trade integration between the two nations.
A key feature of the visit was the Business Roundtable on Foreign Direct Investment in Manufacturing, attended by decision-makers from AmCham, EuroCham, the German Chamber of Industry & Commerce, and leading business leaders. Shri Goyal, delivering the keynote address, highlighted India’s robust economic growth, pro-investment policies, and strategic initiatives aimed at positioning India as a global manufacturing hub.
In addition, the Minister held strategic business meetings with top Singaporean corporates. At SIA Engineering Company (SIAEC), discussions centered on India’s fast-growing Maintenance, Repair & Overhaul (MRO) sector and plans to fast-track the India–Singapore Skilling Centre for MRO professionals. CapitaLand Investment reaffirmed its commitment to expand renewable energy solutions for data centers in Maharashtra and explored opportunities in industrial parks, worker housing models, and credit financing. Royal Golden Eagle (RGE) discussed operations in India, knowledge exchange on sustainable forestry, and reforestation practices.
Shri Goyal also engaged with GIC Group CIO Bryan Yeo and Temasek CEO Dilhan Pillay to scale India-focused portfolios in infrastructure, hospitality, renewable energy, financial services, and urban development. These interactions underscored Singaporean investors’ confidence in India’s growth story and investment climate.
The visit reinforced the strong and growing partnership between India and Singapore, with both sides committing to deepen cooperation in manufacturing, infrastructure development, the green transition, digital economy initiatives, and financial investments. Analysts say such initiatives are likely to accelerate India’s emergence as a global industrial and investment hub, while also strengthening its strategic position in Southeast Asia.