India and Singapore Unite in Advanced Manufacturing & Semiconductors

India and Singapore are collaborating in vital areas such as advanced manufacturing and semiconductors as their relations embark on a "new trajectory" of development, stated Singapore President Tharman Shanmugaratnam. During his five-day trip to India, Shanmugaratnam engaged in individual discussions with President Droupadi Murmu and Prime Minister Narendra Modi, aiming to enhance bilateral relations.

The president of Singapore informed reporters that discussions are underway to establish a data corridor linking GIFT City in Gujarat and his nation, allowing financial institutions from both sides to securely and reliably exchange data. He mentioned that the prospect of a "renewable energy corridor" connecting India and Singapore is also being considered.

Exploring the robust Singapore-India relationship in recent decades, he noted that the two nations are currently on a new path of collaboration following the elevation of their ties to a comprehensive strategic partnership during Modi's trip to the city-state in September of the previous year.

"We are exploring new initiatives going beyond the existing active relationship that we have. We are cooperating in advanced manufacturing and semiconductors," he said.

Shanmugaratnam mentioned that both parties are currently developing new "generation and net zero" industrial parks while also emphasizing skill development for emerging industries.

"In the digital space, we are exploring the possibility of a data corridor between GIFT City and Singapore so that our financial institutions can exchange data on a safe and trusted basis," he said.