Strategic dialogue set up between India, Singapore
Singapore said a strategic dialogue has been set up with India to further cement the strong ties between the two countries which has reached new peaks since the signing of the Comprehensive Economic Cooperation Agreement (CECA).
The two sides involved in the strategic dialogue will meet in May, Singapore Prime Minister Lee Hsien Loong said at a ceremony to mark Incredible India@60 campaign on Friday night.
The 3-day event, showcasing a resurgent India's entrepreneurship, investment prospects and tourism attractions, has been organised by the Government of India and the Confederation of Indian Industry.
"We are lucky to be neighbours to India and China, the two fastest growing economies."
"I believe India will overcome obstacles and change. The drive and desire of young Indians to succeed is palpable," lee told the gathering attended by Commerce Minister Kamal Nath, several CEOs of Indian companies, a large section of expatriate Indians and Singaporeans.
He also said India's soft power was steadily growing noting that bollywood had a wide following while Indian fashion industry is becoming popular.
Trade between Singapore and India grew 20 per cent last year, and over 750,000 tourists from India visited Singapore, he said.
Kamal Nath, in his address said the Incredible India@60 campaign was celebrating the country's engagement with the world. He also launched the new website of the CII India Business Forum. This is a dedicated platform to enrich the partnership of Indian and Singapore businesses and evolve new ways to expand it.
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