Latest news with #India-Singapore
India Gazette
3 days ago
- Politics
- India Gazette
CDS General Anil Chauhan holds bilateral talks with Singapore counterpart, underscores defence cooperation
New Delhi [India], June 1 (ANI): Chief of Defence Staff (CDS) General Anil Chauhan held bilateral talks with Vice Admiral Aaron Beng, Chief of Defence Force of Singapore, reinforcing the strong and growing defence ties between the two nations. The discussions focused on enhancing military collaboration and interoperability to address evolving security challenges in the region, particularly in the backdrop of Operation Sindoor. In a post on X, the Headquarters of the Integrated Defence Staff wrote, 'General Anil Chauhan, Chief of Defence Staff #India holds bilateral talks with Vice Admiral Aaron Beng, Chief of Defence Force #Singapore, reinforcing defence ties between both nations. Discussions held on enhancing #MilitaryCollaboration and interoperability to address evolving security challenges in the region, in the backdrop of #OperationSindoor.' Both leaders reaffirmed their commitment to a stable, secure, and rules-based Indo-Pacific, further consolidating strategic cooperation between India and Singapore. 'Both leaders reaffirmed their commitment to a stable, secure and rules-based #IndoPacific, reinforcing strong defence ties between the two nations. A crucial step in deepening India-Singapore strategic cooperation!' the post added. Earlier in the day, General Chauhan participated in the Chiefs of Defence Round Table at the IISS Shangri-La Dialogue in Singapore. At this event, global defence leaders from countries including Australia, the European Union, France, Germany, Indonesia, Japan, the Netherlands, New Zealand, the Philippines, Singapore, the UK, and the US discussed critical security challenges, emerging trends, and innovative solutions. The talks focused on strategic decision-making, sharing best practices, and fostering cooperation to promote stability and address evolving security concerns in the defence sector. While addressing the dialogue on 'Defence Innovation Solutions for Future Challenges', General Anil Chauhan, Chief of Defence Staff, highlighted the evolving geopolitical dynamics and rapid technological shifts that were redefining the nature of warfare, underscoring that the democratisation of technology has empowered non-state actors, fueling proxy wars and instability. CDS emphasised that Future Warfare will be shaped by four trends: the proliferation of sensors across all domains, long-range hypersonic and precision weapons, manned-unmanned teaming with autonomous systems, and the intelligentisation of the battlefield driven by AI, ML, LLMs, and quantum tech. General Anil Chauhan affirmed India's commitment to global peace & responsible innovation and commended the Shangri-La Dialogue as a critical forum for fostering dialogue and cooperation in the collective pursuit of global stability. (ANI)
Economic Times
3 days ago
- Politics
- Economic Times
When it comes to national security, I stand firm beyond politics: TMC's Abhishek Banerjee in Singapore
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Singapore City: Trinamool Congress (TMC) MP Abhishek Banerjee has emphasised that national security and sovereignty transcend political on the opposition's stance, Banerjee said, "Where I might differ with the ruling dispensation or the political party, I will fight with them tooth and nail. But when it comes to the national security of my country, I will stand firmly and serve towards what is in the best interest of my nation. I will not let my political interests come in the way of my national interest."Banerjee further pointed out evidence of cross-border terror support, highlighting the presence of high-ranking Pakistmilitary officials at funerals of labelled terrorists."You have so much evidence in the public domain where you see high-ranking Pakistani military general officials attending the funeral of labelled terrorists, where else do you see this? I mean, what else can we offer you as evidence?" he MP Abhishek Banerjee highlighted the power of social media in spreading key messages on national security, saying it moves faster than traditional the importance of strong connections, Indian High Commissioner Shilpak Ambule marked 60 years of India-Singapore ties, reflecting deepening relations in a fast-changing about the significance of this year, which also marks Singapore's 60th anniversary, Ambule pointed to key high-level engagements, including President Tharman Shanmugaratnam's state visit to India in speaking to ANI, Ambule said, "India and Singapore are celebrating 60 years of diplomatic ties this year. It is also Singapore's 60th birthday. President Tharman Shanmugaratnam paid a very successful state visit to India in January. We do expect some more high-level visits to take place later in the year. We have a very unique mechanism with Singapore called the India-Singapore Ministerial Roundtable, where 10 ministers meet every year. They have identified six pillars of collaboration -- collaboration in digital space, skilling, health, maritime and air connectivity, advanced manufacturing and sustainability."Ambule further underscored the expanding collaboration, particularly in the defence and security added, "Last year also marked the 10 years of our strategic partnership, so we felt that the relationship has grown so much and so widespread and deep that we need to elevate it to a comprehensive strategic partnership and we are also doing a lot in the defence and security space and that is the understated part of the relationship. There are also areas of collaboration, and different sectors are ongoing."The party delegation to Singapore was led by JD-U MP Sanjay Kumar Jha, including Aparajita Sarangi (BJP), TMC MP Abhishek Banerjee, Brij Lala (BJP), John Brittas (CPI-M), Pradan Baruah (BJP), Hemang Joshi (BJP), Salman Khurshid and Mohan Kumar.
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Business Standard
4 days ago
- Business
- Business Standard
Singapore leads as India's largest FDI source for seventh straight year
Singapore continued to be India's largest source of foreign direct investment (FDI) for the last seven years, as the country received the highest inflows of about $15 billion in 2024-25. The overseas inflow grew 13 per cent to $50 billion in the last fiscal. The total FDI, which includes equity inflows, reinvested earnings and other capital, grew by 14 per cent to $81.04 billion during the last financial year. It is the highest in the last three years. FDI from Singapore in 2024-25 increased to $14.94 billion from $11.77 billion in 2023-24, according to the latest government data. Singapore accounted for around 19 per cent of total inflows in 202425. Since 2018-19, Singapore has been the largest source of such investments in India. In 2017-18, India attracted the maximum FDI from Mauritius. In the last fiscal, the country received USD 8.34 billion in foreign inflows from Mauritius. During 2024-25, Mauritius was followed by the US (USD 5.45 billion), the Netherlands (USD 4.62 billion), the UAE (USD 3.12 billion), Japan (USD 2.47 billion), Cyprus (USD 1.2 billion), the UK (USD 795 million), Germany (USD 469 million), and Cayman Islands (USD 371 million). According to experts, Singapore's position as a global financial hub, combined with strong bilateral ties and its role as a gateway for global private equity and venture capital, makes it a natural conduit for investments into India. Rumki Majumdar, Economist, Deloitte India, said despite turmoil in the capital markets and uncertainties around trade, India has managed to attract huge investments, which are stable and long-term. "Given that Asia is the second largest region to receive foreign capital inflows, a large part of the funds come from Singapore. There are quite a few reasons for that. One, being a low-tax jurisdiction and with a robust legal framework, Singapore is considered the strategic financial gateway to Asia," she said. Double Tax Avoidance Agreement between the two nations helps all Singapore-based organisations to invest in India and reduce the total tax burden on income earned from India, Majumdar added. Lokesh Shah, Partner, IndusLaw, said the India-Singapore tax treaty was one of the major drivers of FDI. "Singapore's continued dominance in India FDI now relies more on genuine business and regulatory advantages, Singapore's sophisticated financial market, its status as a regional hub, and political and economic stability," Shah said. Rudra Kumar Pandey, Partner, Shardul Amarchand Mangaldas & Co, said that while Singapore will continue to be a significant and active investor in India, the landscape is gradually evolving. "Singapore's rising FDI into India is anchored in its role as a global financial hub, home to a large number of international private equity and venture capital funds," Pandey said. These investors see India as a high-growth destination, particularly in sectors like financial services, banking, insurance, business process outsourcing, logistics, computer software and hardware, trading, telecommunications and pharmaceuticals and use Singapore as a key base to manage and deploy capital across Asia, he added. Foreign investments are crucial for India to overhaul its infrastructure like ports, airports and highways to push growth. FDI also helps improve the country's balance of payments situation and strengthen the rupee's value against other global currencies, especially the US dollar.
India Gazette
28-05-2025
- Politics
- India Gazette
When it comes to national security, I stand firm beyond politics: TMC's Abhishek Banerjee in Singapore
Singapore City [Singapore], May 28 (ANI): Trinamool Congress (TMC) MP Abhishek Banerjee has emphasised that national security and sovereignty transcend political differences. Speaking on the opposition's stance, Banerjee said, 'Where I might differ with the ruling dispensation or the political party, I will fight with them tooth and nail. But when it comes to the national security of my country, I will stand firmly and serve towards what is in the best interest of my nation. I will not let my political interests come in the way of my national interest.' Banerjee further pointed out evidence of cross-border terror support, highlighting the presence of high-ranking Pakistani military officials at funerals of labelled terrorists. 'You have so much evidence in the public domain where you see high-ranking Pakistani military general officials attending the funeral of labelled terrorists, where else do you see this? I mean, what else can we offer you as evidence?' he questioned. TMC MP Abhishek Banerjee highlighted the power of social media in spreading key messages on national security, saying it moves faster than traditional diplomacy. Echoing the importance of strong connections, Indian High Commissioner Shilpak Ambule marked 60 years of India-Singapore ties, reflecting deepening relations in a fast-changing world. Speaking about the significance of this year, which also marks Singapore's 60th anniversary, Ambule pointed to key high-level engagements, including President Tharman Shanmugaratnam's state visit to India in January. While speaking to ANI, Ambule said, 'India and Singapore are celebrating 60 years of diplomatic ties this year. It is also Singapore's 60th birthday. President Tharman Shanmugaratnam paid a very successful state visit to India in January. We do expect some more high-level visits to take place later in the year. We have a very unique mechanism with Singapore called the India-Singapore Ministerial Roundtable, where 10 ministers meet every year. They have identified six pillars of collaboration -- collaboration in digital space, skilling, health, maritime and air connectivity, advanced manufacturing and sustainability.' Ambule further underscored the expanding collaboration, particularly in the defence and security sectors. He added, 'Last year also marked the 10 years of our strategic partnership, so we felt that the relationship has grown so much and so widespread and deep that we need to elevate it to a comprehensive strategic partnership and we are also doing a lot in the defence and security space and that is the understated part of the relationship. There are also areas of collaboration, and different sectors are ongoing.' The party delegation to Singapore was led by JD-U MP Sanjay Kumar Jha, including Aparajita Sarangi (BJP), TMC MP Abhishek Banerjee, Brij Lala (BJP), John Brittas (CPI-M), Pradan Baruah (BJP), Hemang Joshi (BJP), Salman Khurshid and Mohan Kumar. (ANI)
Time of India
28-05-2025
- Politics
- Time of India
When it comes to national security, I stand firm beyond politics: TMC's Abhishek Banerjee in Singapore
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Singapore City: Trinamool Congress (TMC) MP Abhishek Banerjee has emphasised that national security and sovereignty transcend political on the opposition's stance, Banerjee said, "Where I might differ with the ruling dispensation or the political party, I will fight with them tooth and nail. But when it comes to the national security of my country, I will stand firmly and serve towards what is in the best interest of my nation. I will not let my political interests come in the way of my national interest."Banerjee further pointed out evidence of cross-border terror support, highlighting the presence of high-ranking Pakistmilitary officials at funerals of labelled terrorists."You have so much evidence in the public domain where you see high-ranking Pakistani military general officials attending the funeral of labelled terrorists, where else do you see this? I mean, what else can we offer you as evidence?" he MP Abhishek Banerjee highlighted the power of social media in spreading key messages on national security, saying it moves faster than traditional the importance of strong connections, Indian High Commissioner Shilpak Ambule marked 60 years of India-Singapore ties, reflecting deepening relations in a fast-changing about the significance of this year, which also marks Singapore's 60th anniversary, Ambule pointed to key high-level engagements, including President Tharman Shanmugaratnam's state visit to India in speaking to ANI, Ambule said, "India and Singapore are celebrating 60 years of diplomatic ties this year. It is also Singapore's 60th birthday. President Tharman Shanmugaratnam paid a very successful state visit to India in January. We do expect some more high-level visits to take place later in the year. We have a very unique mechanism with Singapore called the India-Singapore Ministerial Roundtable, where 10 ministers meet every year. They have identified six pillars of collaboration -- collaboration in digital space, skilling, health, maritime and air connectivity, advanced manufacturing and sustainability."Ambule further underscored the expanding collaboration, particularly in the defence and security added, "Last year also marked the 10 years of our strategic partnership, so we felt that the relationship has grown so much and so widespread and deep that we need to elevate it to a comprehensive strategic partnership and we are also doing a lot in the defence and security space and that is the understated part of the relationship. There are also areas of collaboration, and different sectors are ongoing."The party delegation to Singapore was led by JD-U MP Sanjay Kumar Jha, including Aparajita Sarangi (BJP), TMC MP Abhishek Banerjee, Brij Lala (BJP), John Brittas (CPI-M), Pradan Baruah (BJP), Hemang Joshi (BJP), Salman Khurshid and Mohan Kumar.
