Singapore and India can partner each other and lead in the area of sustainable development to make the world a better place for humanity, Singapore's National Development Minister Lawrence Wong said today.
"Between Singapore and India, we see many opportunities to work together in the area of urban solutions and sustainable urban management. Both India and Singapore share very close ties, and we have progressively strengthened these ties with initiatives like the Comprehensive Economic Cooperation Agreement," he said.
"Cooperation between the two countries is broad-based; it covers many areas, including security, trade and investment, and skills development," he highlighted.
"More recently, we have worked more closely with the Indian government to draft a master plan for Amaravati, the new capital city of Andhra Pradesh. The project has been attracting interests from international players, and we are already starting to see developments taking place," said Wong at the opening of the Singapore-India Business Dialogue 2016.
Singaporean companies have also been investing in India across many sectors, just as the number of Indian companies based in Singapore has also been rising over time, noted the Minister.
In the energy sector, Singapore's Sembcorp develops and operates assets in both thermal and renewable energy sectors in India, he said citing it as an example.
"And Sembcorp is now one of the biggest foreign investors in India's power sector. These are important partnerships that we believe will continue to grow over time," he stressed.
"Going forward, both Singapore and India face many common challenges, but there are also many new opportunities opening up," Wong observed.
"Sustainable urbanisation must become part of our planning DNA, for both planners in Singapore and India. It must be intrinsic and integral in the way we think about developing our cities," emphasized Wong.
Both Singapore and India can partner each other and lead in the area of sustainable development, and together the two countries can build more sustainable and livable cities, and make this world a better place for humanity, he said.
The dialogue was organised by the Singapore Management University and Indian School of Business.
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