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Deputy Prime Minister and Minister for Finance of Singapore Mr. Heng Swee Keat called on Prime Minister Shri Narendra Modi earlier today.

Deputy Prime Minister Keat conveyed regards of Prime Minister Lee Hsien Loong and Minister Emeritus Goh Chok Tong. Prime Minister Modi recalled his productive meetings with them and requested Deputy Prime Minister Keat to convey his best wishes to them.

Prime Minister Modi also expressed his appreciation for the participation of Prime Minister Lee Hsien Loong in the special event to commemorate the 150th birth anniversary of Mahatma Gandhi at the United Nations in New York last month.

Deputy Prime Minister Keat pointed to the transformative steps taken by Government of India, and noted the consequent enhancement in investment opportunities, particularly in India’s infrastructure sector. He also highlighted the increasing cooperation between India and Singapore in the technology sector, including FinTech.

Prime Minister Modi expressed happiness at growing investment and trade relations between the two countries. He stated that the launch of RuPay Card and BHIM app in Singapore has greatly enhanced the ease of financial transactions. He also noted the successful organization of the second Joint Hackathon in Chennai with participation of Singaporean students. He highlighted that all these developments symbolizes the close community, business and innovation partnership between the two countries.

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BRICS Business Council created a roadmap to achieve $ 500 billion Intra-BRICS trade target by the next summit :PM
PM requests BRICS countries and NDB to join Coalition for Disaster Resilient Infrastructure initiative
PM participates in Leaders dialogue with BRICS Business Council and New Development Bank

Prime Minister Shri Narendra Modi along with the Heads of states of other BRICS countries participated in the Leaders dialogue with BRICS Business Council and New Development Bank.

Prime Minister said that the BRICS Business Council created a roadmap to achieve the $ 500 billion Intra-BRICS trade target by the next summit and identification of economic complementarities among BRICS countries would be important in this effort. The partnership agreement between New Development Bank and BRICS Business Council would be useful for both the institutions, he added.

PM requested BRICS countries and NDB to join Coalition for Disaster Resilient Infrastructure initiative. He also requested that the work of establishing the Regional Office of NDB in India should be completed soon. This will give a boost to projects in priority areas, he added.

PM concluded that our dream of strengthening BRICS economic cooperation can be realized only with the full cooperation of the Business Council and New Development Bank.