Singapore: Prime Minister Narendra Modi and his Singaporean counterpart Lee Hsien Loong on Friday agreed to deepen the bilateral economic ties and build on defence cooperation as they called for a peaceful, open, and friendly maritime environment in the Indo-Pacific region.
#WATCH PM Modi & PM of Singapore Lee Hsien Loong issue press statements at the Istana https://t.co/HcILVPoVw2
— ANI (@ANI) June 1, 2018
Addressing the media, Singapore PM Lee Hsien Loong said “Our defence ties have strengthened, our navies have signed an agreement today on logistics cooperation and will also celebrate the 25th anniversary of annual Singapore-India maritime bilateral exercise this year.”
Following the bilateral meeting between PM @narendramodi and Singapore’s PM @leehsienloong, 8 agreements were signed between two countries in areas of naval cooperation, cyber security, nursing and many more. Link at https://t.co/axiqSYgqR9 pic.twitter.com/5hiv20w6S1
— Raveesh Kumar (@MEAIndia) June 1, 2018
“We have launched initial link for our payment systems NETS and RuPay. Indian tourists will be able to use their RuPay cards for electronic payments at Changi airport and selected operators across Singapore,” he added.
While Prime Minister Modi said that the strategic partnership between India and Singapore has stood the test of time in a real sense. “We have been able to conclude successfully the second review of Comprehensive Economic Cooperation Agreement but we agreed this is not just our target and goal but this only means to an end,” Modi said in a joint press statement after holding wide-ranging discussions with Lee. “Our officials will soon begin discussions on upgrading and reforming this agreement,” he added.
Speaking of the economic relationship with Singapore, PM Modi said “I was happy to see that CEO’s of many important companies are looking at India with confidence. Both the countries are going to enter into a new ‘Air Service Agreement’ really soon & we are soon going to preview it.”
“The international launch of RuPay, BHIM and UPI based remittance app in Singapore, represents Digital India initiative and our renewed partnership,” he added.
Informing Media about Singapore’s investment in India, PM Lee said “Andhra Pradesh Amaravati city project is progressing well with Singapore Consortium. We also recently launched Maharashtra-Singapore joint committee, to explore economic cooperation including planning & development of the airport in Pune.”
PM Modi expressed his gratitude to Singaporean counterpart, “PM Lee has always made untiring efforts towards strengthening relations with India.”
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