13 July 2012
Singaporean prime minister, Lee Hsien Loong visited India on a three day trip in July 2012. Where India and Singapore signed three key bilateral agreements and a Memorandum of Understanding (MOU) on 11 July 2012, New Delhi. The two countries are working on deepening economic relations even outside south-east Asia, building linkages with companies where India and Singapore were associated.
Singapore is not only an important trading partner in ASEAN but also a major source of FDI inflows in India. India is Singapore’s eight largest investor.India-Singapore bilateral trade accelerated to USD 17.44 billion in 2010-11 from USD 14.04 percent in 2009-10. The holistic agreement turned out to be fruitful and both the countries expect to achieve better milestones together.
Lee, is a member of the People’s Action Party (PAP) and took to Prime Minister’s position in the year 2004. Prior to becoming a prime minister, he served as an officer in the Singapore Armed Forces.
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