E-Commerce, fintech, smart manufacturing, healthcare are significant areas where India offers a large market

India and Singapore share a “strong and productive” partnership, said Union Minister of Commerce and Industry Piyush Goyal, adding that this partnership will help India become Armanirbhar and give opportunities for global expansion.

Speaking at the India-Singapore CEO Forum on Thursday, Goyal invited businesses from both sides to bring in sparkle into India and Singapore's partnership. He urged businesses to look at ways how we can expand the engagement and encourage India's youth to use more innovative technologies.

He said India and Singapore are working together in cybersecurity and disaster relief, and Education and skill development can be taken up as pillars where we can work together and learn from Singapore’s experience.

Noting that e-commerce, fintech, smart manufacturing, healthcare are significant areas where India offers a large market, Goyal said that our working together in these areas can truly transform India's own effort to give the best to our people.

He said that through budget 2021-22 and various other measures, Prime Minister Narendra Modi has been trying to prepare the country to engage with the world from a position of strength, in the next decade. Similarly, the Singapore budget also this year has focused a lot on transformation and innovation.

He expressed happiness that Singapore and the GIFT city which is our first operational smart city, have tied up with the Singapore exchange to boost international investment in India.

The minister said that he looks at expanding the Singapore-India ties resting on a greater degree of people-to-people engagement and that can rest on three B's: - Buddhism, Bollywood, and Business.

Further, he said, “Our women entrepreneurs have done us proud, and the huge potential in this area can be expanded to improve India and Singapore's relationship.”