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Narendra Modi says, Singapore top destination for Indian investment
Earlier today, Modi delivered a 20-minute “37th Singapore Lecture – India’s Singapore Story” – soon after his arrival here during which Lee was also present.
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Modi said in his banquet address: “There can be no place like Singapore – a symbol of aspiration for people and a source of inspiration for nations…”
Following the signing of a technical agreement between the two navies on sharing “White Shipping Information” in July 2015, both sides have established a two-way linkage.
Leaders of the two countries also witnessed the signing of other agreements which further bilateral cooperation in the areas of defence, cyber security, anti-drug trafficking, humanitarian assistance as well as disaster relief.
Modi and Lee noted their shared interest in furthering cooperation in the areas of science and technology, particularly in space, biomedicine and ayurveda, the spokesperson added.
“Now, Singapore is already a major partner in nearly every area of priority in India’s transformation”.
“All I want to work towards is development”.
Amidst a raging debate over intolerance in India, Prime Minister Narendra Modi today asked Indians to move ahead in the world with the mantra of “unity and integrity”.
Putrajaya: Prime Minister Narendra Modi on Monday held talks with his Malaysian counterpart Najib Razak and announced that New Delhi and Kuala Lumpur will deepen cooperation in security and defence.
Modi said Southeast Asia was a vital neighbor on land and sea with which India has “excellent” relations.
Modi expressed hope that the much-awaited goods and service tax regime would roll out from 2016.
Noting that India and Singapore have been together at many crossroads of time, Modi said, “We stood together at the dawn of freedom…Singapore success has become India’s springboard to the world and gateway to the East”. Singapore companies have also a level of familiarity with Indian market, due to the involvement over the past few decades.
The visit marks 50 years of formal ties between Singapore and India. Singapore is the top destination for Indian Investment.
“We are working hard to make sure that our tax regime is transparent and predictable”.
Mr Modi told about 500 business delegates that over the past 18 months his government has been successful in restoring the credibility of India in the eyes of global players.
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“We are also conscious of last mile operational issues in such matters and we are fine tuning the norms”.