“At the end of the visit, (Mr Modi) asked our PM to help create something like this in his country that they can be proud of”, Mr Poh said.
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The third MoU promotes knowledge and information exchange in areas such as urban planning, waste water management, solid waste management and public-private partnerships between India’s NITI Aayog and the Singapore Cooperation Enterprise (SCE).
“From the Jt Declaratn on Strategic Partnership to Defence, Cyber Security, Shipping, Culture, the Agreements showcase strength of b/l ties”, Vikas Swarup, spokesperson of the external affairs ministry, tweeted. India and Singapore singed 10 pacts, including a joint declaration by the two PMs on a strategic partnership that was released after Modi’s meeting with his Singaporean counterpart Lee Hsien Loong.
Modi’s two-day visit to the island nation, arranged to mark 50 years of diplomatic relations, was to draw to a close later Tuesday after a community event with Indian expatriates.
Around the second day of his two- day visit, Modi called to the Singapore President after a welcome was accepted to him this morning.
These initiatives included the currency swap and cross-border collateral arrangements, the direct currency trading between renminbi and ringgit, the designation of a renminbi clearing bank in Kuala Lumpur, he said.
“Just as China’s rise has driven the global economy, the world looks to China to help advance global and regional peace and stability”, he said. However, there were a number of regulatory and taxation issues which were adversely impacting on their sentiments.
Homage was also offered at the Indian National Army Memorial Marker in Singapore and extensive interaction with children and people present at the venue.
He promised the investors that he will carefully hold their hands while expressing hopes that his government will roll out the Goods and Services Tax (GST) next year.
Singapore is one of the top destinations for Indian investment. “Recently, we further eased FDI norms, after which India is the most open economy in terms of FDI”.
He also spoke of the potential of his pet projects like Digital India, Skill India and Start-up India Campaign. We are also working hard that the benefits of this growth reaches to the common man. We have launched major schemes on financial inclusion.
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During the 18-month BJP rule, “reforms are happening in a big way”.
