Guru Nanak Journal of Multi-Disciplinary Research (GNJMDR), Volume 14, Issue 1, January– June 2025
(Refereed, Peer Reviewed and Biannual Journal)
ISSN: 2277-1409
was US$ $ 351 million and in 2015, after PM’s agreement were signed “Joint Statement on
New AEP it rose up to US$ 37.4 billion mostly conclusion of second review of CECA; Mutual
on trade and business companies operated in Recognition Agreement on Nursing;
Singapore, while India attracted Singapore’s Implementation agreement between Indian
investment in ports, real estate, and construction Navy and Singapore Navy for Mutual
fields, by 2006 it raised to 300 percentage (US$ Coordination, Logistics and Services Support
3 billion) and US$5 billion in 2010 and US$10 for, Submarines and Naval Aircraft visits;
billion in 2015 of growth (Shekhar, 2007, p. 4). Extension of the MoU with Indian Computer
From 1965 to 2015, Singapore and India’s Emergency Response Team (CERT-IN) &
bilateral relationship grew very strongly towards Information Technology, India-Singapore
the development of security, economic, Computer Emergency Response Team
maritime, business and FDI, with socio-cultural (SINGCERT), cyber security agency of
development and becoming a modernized Singapore on cyber security; MoU between the
technological growth. Narcotics Control Bureau of India and the
As a result of the bilateral relationship in 2015, Central Narcotics Bureau of Singapore to
Prime Minister Narendra Modi visited Combat Illicit Trafficking in Narcotic Drugs,
Singapore on 23rd November and gave a lecture Psychotropic Substances and their Precursors;
on the topic “India’s Singapore Story-“India and MoU Ministry of Personnel, Public Grievances
Singapore have been together at many and Pensions of India and the Public Service
crossroads of time, Our relationship is written in Division of Singapore on Cooperation with
the pages of history, culture, kinship and Personnel Management and Public
commerce; We stood together in friendship at Administration; MoU with the Department of
the dawn of freedom; and we reached out to Economic Affairs, Ministry of Finance of India
each other in a partnership of shared hopes. and the Monetary Authority of Singapore on the
Singapore’s success became an aspiration of constitution of a Joint Working Group (JWG)
Indians with hope for a more peaceful, balanced on Fintech between India and Singapore; MoU
and stable world, Singapore became India's with NITI Aayog and Singapore Cooperation
springboard to the world and gateway to the Enterprise (SCE) on Planning” (Affairs, 2018).
East and today, Singapore is one of our most From 2019-2020, India-Singapore trade reached
important partners in the world it is wide- with a tariff cut of US $16.3 billion in 2019-
ranging with comprehensive defence and 2020 and FDI rose from $13.69 billion in 2015-
security relations with shared interests and a 16 to $14.67 billion and Singapore has invested
common vision with India” (Ministry of more than 100 billion projects in India (Das &
External Affairs, Government of India, 2015). Bhattacharya, 2020, p. 23). Hence, the Act East
This visit of the Indian PM made both countries Policy of India accelerated the development and
sign nine agreements bilaterally, “Strategic growth of both the nation and made a way for
Partnership, Defence, Economic and Financial the future.
Cooperation, Culture and People-to-People Factors that Shape India’s Foreign Policy
Exchanges, Legal-Judicial Cooperation, Towards Singapore
Parliamentary Cooperation, Science & Culture and History
Technology, and Research, Innovation, History of India and Singapore started from the
Multilateral-Regional Cooperation” (Singapore ancient period when the Tamils started trading
H. C., 2015) and later in 2018, thirteen and ruling the entire Southeast Asian
India-Singapore Relations: Evolution and Strategic Significance within the Look East and Act East Policy Framework
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