Prime Minister Narendra Modi joined Malaysia on Thursday to meet with his Malaysian counterpart, Mahathir Mohammad, who was sworn in on May 10 after a landslide victory over the Barisan Nasional (BN) coalition. he had ruled Malaysia since 1957.
Prime Minister Modi met with Mahathir, 92, at his office in the Perdana Putra complex in Putrajaya, where the two leaders deliberated on ways to deepen bilateral relations in various areas, including trade and investment.
"Happy to have met Tun Dr. Mahathir Mohamad, I thanked him for his warm welcome and had fruitful discussions about strengthening the ties between India and Malaysia," Modi tweeted in Malay and English...
The Indian prime minister reached the final stage of his tour when he landed in Singapore, where he began his journey by involving the two most important factions in these bilateral relations; the business world and the Indian diaspora.
17th announcement in one night, including the agreements, as well as the first international launch of the unified payment interface (UPI).
PM Modi has launched three digital payment systems, including the international debut of Bharat Interface for Money (BHIM) and RuPay in Singapore, as well as the International Online Rupia Transfer application from State Bank of India. The launch marks the collaboration between the National Payments Corporation of India (NPCI) and the Singapore Network for Electronic Transfer (NETS), by launching a cross-border digital payment system between the two countries.
"RuPay, BHIM, and UPI, it is natural for them to launch in Singapore and together we can build a great economic partnership for the new era," Modi said.
At a meeting of 5,000 people at the Marina Bay Sands Convention Center, Indian Prime Minister Narendra Modi highlighted the close cultural, political and economic ties between India and Singapore and congratulated the Indian Diaspora for its achievements.
"We have the most talented, dynamic, professional and committed Indian diaspora in the world, proud to be Singaporeans and proud of their Indian heritage, ready to be the bridge between India and Singapore," said the Indian Prime Minister.
India's growing economy could make it a global player in the region and a major player in Southeast Asia. India is engaging Southeast Asia in the area of commercial synergies, and to this end, Singapore is providing 50,000 square feet of space for emerging companies in India as part of the "innovation group".
We expect a quick conclusion from the Global Economic Economic Partnership (RCEP). The two countries are also expected to sign the Comprehensive Economic Cooperation Agreement (CETA), which has been under review for six years. The revised ECSC could see more Indian banks and professionals taking advantage of the opportunities in Singapore as more and more local companies venture into the Indian market.
Speaking of strong economic ties between the two countries, the Prime Minister said: "For Singapore, there is no better opportunity than India, few countries have much in common and much potential for our region."
The Prime Minister acknowledged that Singapore was the bridge between ASEAN and India, and stressed that the commitment to the East would remain among the strongest and that the economy would remain an integral part of the Act East policy. India.
He went on to say that India and Singapore contributed to the prosperity of all and now established new partnerships for the digital world. Amid an enthusiastic crowd, PM highlighted the economic progress in multiple sectors in India, touching the progress in trade, railways, financial technologies, broadband, digital services, startups, and government plans. government.
"The Indian start-up sector is flourishing and is now the third-largest in the world, we have opened more than 200 DIY laboratories across India to make our children innovative and job creators," he said. declared the prime minister.
Before his speech, PM Modi, accompanied by the Prime Minister of Singapore, Lee Hsien Loong, attended an exhibition of 30 innovative and new companies from India and Singapore, and held talks with innovators.
S Iswaran, Singapore's Minister of Commerce and Industry, announced that Indians could use their RuPay cards to make payments using NETS terminals in Singapore.
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