The India-Singapore Strategic Partnership advances through new initiatives in semiconductors, trade, and green shipping, driving innovation, sustainability, and economic growth.
India and Singapore have taken a decisive step in advancing the India-Singapore Strategic Partnership, holding the third ministerial roundtable in New Delhi to boost cooperation in semiconductors, digitalization, green infrastructure, and maritime innovation. Positioned at the heart of Asia’s rapidly changing economic and technological landscape, the partnership is aimed at strengthening economic growth, securing supply chains, and leading sustainable development.
Expanding Semiconductor Collaboration
A key pillar of the India-Singapore Strategic Partnership is semiconductor cooperation, building on a landmark agreement signed in September 2024. With global supply chains under pressure, both nations are working to establish alternative chip-making hubs.
- Singapore’s strengths: Mature-node manufacturing, assembly, and testing.
- India’s advantage: Over 125,000 skilled integrated circuit designers and advanced chip design capabilities.
This collaboration is expected to facilitate technology transfers, develop skilled workforces, and reduce India’s dependence on foreign prototyping. The result could be billions in new investments, positioning both nations as critical players in the global semiconductor value chain.
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Strong Economic Ties Cementing the India-Singapore Partnership
Singapore remains India’s largest source of foreign direct investment (FDI) for the seventh consecutive year, with $14.94 billion in FY 2024–25, accounting for 19% of India’s total inflows. Since 2000, cumulative FDI from Singapore has reached nearly $175 billion.
Bilateral trade stood at $35.62 billion in 2023–24, making Singapore India’s sixth-largest global trading partner and the largest within ASEAN — a cornerstone of the India-Singapore Strategic Partnership.
Green and Digital Shipping Corridor: A Maritime Milestone
In March 2025, the two countries signed a Letter of Intent to launch a Green and Digital Shipping Corridor (GDSC) — a maritime innovation model combining India’s IT expertise and green marine fuel potential with Singapore’s global shipping hub status.
With 28 stakeholders from the maritime, energy, and finance sectors involved, the GDSC aims to implement zero or near-zero greenhouse gas emission technologies and advanced digital solutions, strengthening the sustainability agenda within the India-Singapore Strategic Partnership.
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Upcoming Milestones
The roundtable also prepared the ground for Singapore’s Prime Minister Lawrence Wong’s upcoming visit to India. Nearly 10 Memorandums of Understanding (MoUs) are expected to be signed, focusing on:
- Advanced technology cooperation
- Logistics and connectivity
- Sustainable infrastructure
These agreements will further solidify the India-Singapore Strategic Partnership and open new investment avenues.
Why the India-Singapore Strategic Partnership Matters
The India-Singapore Strategic Partnership is emerging as a blueprint for 21st-century collaboration — combining innovation, sustainability, and economic resilience.
For businesses, policymakers, and technology leaders, the opportunities include:
- Strengthening supply chain security
- Expanding market access in ASEAN and South Asia
- Pioneering sustainable maritime solutions
By integrating economic growth with environmental responsibility, the India-Singapore Partnership is set to influence regional and global trade for decades to come.