Indian External Affairs Minister S Jaishankar is set to lead a high-level delegation to a two-day India-Singapore summit in the Lion City next week, a Ministry of External Affairs (MEA) release stated.
The summit to be held on September 9-10, called InSpreneur 3.0, follows the BJP government's 100 days in office, Indian Prime Minister Narendra Modi's articulation of his vision and roadmap for a 'New India'. It is the third edition of the India-Singapore Innovation and start-up platform conference, launched by the High Commission of India, Singapore in January 2018.
In an announcement on Thursday, the Indian High Commission in Singapore said the summit will be a platform to project the government's strategic outlook and economic agenda as well as provide opportunities for investors, companies and start-ups in and operating out of Singapore to interact with policymakers as India aims to be a USD 5 trillion economy by 2024.
“The summit will also have corporate and tech leaders from India, enhance India's profile and presence in Southeast Asia's regional hub and accelerate the momentum in India-Singapore economic partnership,” said the High Commission. It added that over 3,700 people have registered to attend the event.
Jaishankar will be joined by Singapore's Foreign Affairs Minister Vivian Balakrishnan.
The Ministerial Plenary on ‘India-Singapore: The Economic Agenda’, will be addressed by Hardeep Singh Puri, Union Minister (Independent Charge), Ministry of Housing and Urban Affairs, Ministry of Civil Aviation and Ministry of Commerce and Industry.
Puri will be joined by Singapore's Senior Minister of State for Ministry of Trade and Industry and Ministry of Education, Chee Hong Tat.
State delegations from Andhra Pradesh, Odisha, Punjab and Uttarakhand will also be at the summit, interacting with investment communities.
Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI), PHD Chamber of Commerce and Industry and Data Security Council of India (DSCI) are bringing delegations from India to the summit as well, said the High Commission.
From Singapore, Ministry of Trade and Industry, Enterprise Singapore (a Singapore Government agency to support Singapore businesses abroad) and Monetary Authority of Singapore are supporting the event. Participating organisations include Singapore Business Federation, Singapore Manufacturing Federation and other chambers.
Singapore, home to some 9,000 Indian owned companies, is also emerging as a major startup and innovation hub with growing links to India.
“Many global companies invest or manage their operations in India through their regional headquarters in Singapore,” said the High Commission.
The objective of the business summit is to set the agenda and momentum for the next five years.