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AnalysisIBEFFriday, 21 August 2026NEW

Union Minister of Commerce and Industry Mr. Piyush Goyal Strengthens India-Singapore Economic Partnership through High-Level Bilateral and Business Engagements

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Summary

India and Singapore strengthened economic cooperation through high-level ministerial and business engagements focused on trade, investment, technology, agri-exports, fintech, Global Capability Centres and sustainable infrastructure.

Key Facts

TypeAnalysis
SourceIndia Brand Equity Foundation
PublishedFriday, 21 August 2026
Affected Population63 million MSMEs, export-import community

Key Numbers

Merchandise exports: $437 billion (2024-25)
FDI inflow: $71 billion (2024-25)
PLI scheme: Rs 1.97 lakh crore across 14 sectors
Rs 15,000 crore for Digital India initiatives

Key Authorities

Ministry of Commerce & IndustryDPIITDGFTMinistry of Electronics & ITTRAI

Key Stakeholders

ExportersImportersMSMEsInternet UsersTech CompaniesStartups

Government Context

NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight

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