India and Singapore Strengthen Ties with Key Agreements on Semiconductors, Digital Tech, and Healthcare
India and Singapore signed multiple Memorandums of Understanding (MoUs) to enhance cooperation in digital technologies, semiconductors, healthcare, and skill development. The agreements were formalized following bilateral discussions between Indian Prime Minister Narendra Modi and Singapore's Prime Minister Lawrence Wong during Modi’s visit to Singapore.
The first MoU, signed between India's Ministry of Electronics and Information Technology and Singapore's Ministry of Digital Development and Information, focuses on collaboration in digital technologies. This partnership aims to strengthen cooperation in areas such as cybersecurity, 5G, and digital public infrastructure, while also promoting research in emerging fields like quantum computing, supercomputing, and artificial intelligence. It will also enable initiatives to upskill and reskill the workforce in the digital domain.
A crucial MoU concerning the semiconductor ecosystem was signed between India’s Ministry of Electronics and Information Technology and Singapore’s Ministry of Trade and Industry. This agreement outlines plans for cooperation in semiconductor design and manufacturing, including the creation of a semiconductor cluster and talent development. The partnership is expected to boost Singaporean investments in India's growing semiconductor sector. Notably, Singapore accounts for 10 percent of global chip production and 20 percent of the world’s semiconductor manufacturing equipment, making it a critical player in the global supply chain.
In the healthcare sector, India’s Ministry of Health and Family Welfare signed an MoU with Singapore's Ministry of Health to collaborate on research, innovation, and human resource development in healthcare and pharmaceuticals. This agreement aims to foster closer ties and support Indian healthcare professionals in Singapore.
The final MoU, focused on educational cooperation and skill development, was signed by India's Ministry of Skill Development and Entrepreneurship and Singapore's Ministry of Education. It will promote collaboration in technical and vocational education, enhancing ongoing efforts in skills development between the two nations.
These agreements are expected to strengthen economic and strategic ties between India and Singapore across multiple key sectors.