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G20 Summit: PM Modi invites Singaporeans to invest in green economy, infrastructure

Bali: Prime Minister Narendra Modi on Wednesday invited Singaporeans to invest in various sectors including Green economy, infrastructure and digitalisation in India.

PM Modi held talks with his Singaporean counterpart Lee Hsien Loong on the sidelines of G-20 Summit, where the two leaders agreed to expand trade and investment linkages in Fintech, renewable energy, skill development, health and pharmaceutical sectors.

“Singapore is an important pillar of India’s ‘Act East’ policy,” PM Modi tweeted after meeting Loong.

“We discussed boosting avenues of India-Singapore cooperation in sectors such as the green economy, renewable energy, FinTech and deepening trade relations,” he added.

As per Prime Minister’s Office, both Prime Ministers took note of the strong Strategic Partnership between India and Singapore and regular high level Ministerial and institutional interactions, including the inaugural session of the India-Singapore Ministerial Roundtable, held at New Delhi in September 2022.

“PM Modi invited Singaporeans to invest in various sectors including Green economy, infrastructure, and digitalisation and to take advantage of India’s National Infrastructure Pipeline, Asset Monetisation Plan and the Gati Shakti Plan,” the PMO added.

The two leaders also exchanged views on recent global and regional developments.

Prime Minister Modi appreciated Singapore’s role in India’s Act East Policy and its role as the country coordinator of ASEAN-India relations from 2021-2024.

Both leaders reiterated their desire for working together for furthering the India-ASEAN multi-faceted cooperation.

Modi conveyed best wishes to Prime Minister Lee for the future and invited him to visit India for the G-20 Summit next year.

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