India, Singapore to strengthen economic cooperation

Singapore PM also condemned terrorism and offered condolences to the families of the soldiers who were killed in the Uri attack

India, Singapore to strengthen economic cooperation

Prime Minister Narendra Modi on Tuesday held a comprehensive talks with Singapore Prime Minister Lee Hsien Loong in New Delhi.

In the dialogue, India and Singapore decided to strengthen cooperation in countering threats of rising terrorism. PM Modi who held the talks with Singapore Prime Minister to enhance cooperation in key sectors including trade and investment, said defence and security cooperation is a key pillar of strategic partnership between India and Singapore.

Prime Minister Narendra Modi also termed cross-border terrorism and increasing radicalisation as “grave challenges” that endanger the very fabric of the two societies.

Singapore PM, addressing a joint press meet, also condemned terrorism and offered condolences to the families of the soldiers who were killed in the Uri attack.

Asserting that “rising tide of terrorism, especially cross-border terrorism, and the rise of radicalisation are grave challenges to our security”, Modi said, “they threaten the very fabric of our societies."

Modi said: “It is my firm belief that those who believe in peace and humanity need to stand and act together against this menace. Today, we have agreed to enhance our cooperation to counter these threats, including in the domain of cyber security.”

PM Modi also noted that as two maritime nations, keeping the sea lanes of communication open and respect for international legal order of seas and oceans was a shared priority.

Indian and Singapore also inked three pacts including the one dealing with Intellectual Property rights to facilitate greater business to business exchanges and collaborations.

Modi said India has embarked on a path of strong economic growth and transformation and in this journey, it regards Singapore as a key partner, describing trade and investment as bedrock of bilateral relationship.

Agreeing to expedite the second review of Comprehensive Economic Cooperation Agreement, the two leaders also welcomed the issuance of corporate Rupee bonds in Singapore which was a step forward in mobilising capital for India’s large infrastructure development needs.

“I have been informed that Singapore is leading the world in putting driverless cars on the road. But, I rest assured, we all rest assured, that one of India’s strongest well-wishers Prime Minister Lee is in the driving seat for Singapore and for our bilateral relationship. Excellency Lee, you are a friend of India,” Modi said.

The meeting of PM Modi and his Singaporean counterpart, came in the wake of recent attack in Uri, that claimed lives of 18 soldiers, which was followed by an attack at security forces in Baramulla.