INDIA AND SINGAPORE SIGN 4 MOUS
Why in the news?
India and Singapore signed four MoUs to boost cooperation in health, education, digital technologies, and semiconductors, enhancing economic ties and establishing a Comprehensive Strategic Partnership.
source:worldmap
Economic and Strategic Cooperation:
- PM Modi highlighted Singapore’s $160 billion investment in India, marking it as a key economic partner.
- Both sides emphasised boosting trade, investment, defence, maritime security, AI, and fintech.
- Connectivity projects and green corridors were discussed to enhance economic ties.
Highlights of the Key Agreements:
- Digital Technologies: Cooperation in cybersecurity, 5G, quantum computing, AI, and upskilling/reskilling workers.
- Semiconductor Ecosystem: Focus on cluster development, talent cultivation, and investments in India’s semiconductor sector.
- Health Cooperation: Joint research, innovation, and promotion of Indian healthcare professionals.
- Skill Development: Enhancing educational cooperation and technical/vocational training.
Significance of International Cooperation in Semiconductors:
India-Singapore Relations:
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