India, Singapore sign three MoUs strengthening ties on countering terror, skill development

Oct 5, 2016 15:01 IST

India and Singapore on 4 October 2016 signed three Memoranda of Understandings (MoUs) agreements during the visit of Singapore Premier Lee Hsien Loong to India.

October CA eBook

Highlights of the MoUs

S.No

Title of MoU

Signed Between

1.

MoU on collaboration in the field of Technical and Vocational Education and Training.

National Skill Development Corporation and ITEES Singapore.

2.

MoU on collaboration in the field of Technical and Vocational Education and Training.

Government of Assam and ITEES Singapore.

3.

MoU in the field of Industrial Property Cooperation.

DIPP and Intellectual Property Office Singapore.

India-Singapore Bilateral Relations
The close ties between India and Singapore have a history rooted in strong commercial, cultural and people-to-people links. Singapore is not only an important trading partner in ASEAN but also a major source of FDI inflows in India.

The robust relationship was elevated to a Strategic Partnership during the visit of PM Narendra Modi to Singapore in 2015 who signed a Joint Declaration on a Strategic Partnership with Singapore PM Lee Hsien Loong. Later, Singapore's President Tony Tan Keng Yam undertook a State Visit to India on 8-11 February 2015 on the occasion of the 50th anniversary of the establishment of diplomatic relations.

India is Singapore’s eight largest investor. India-Singapore bilateral trade accelerated to USD 17.44 billion in 2010-11 from USD 14.04 percent in 2009-10.

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