Singapore & India sign MoU to boost mergers in research & technology
Category: #tech  | By Nikita Chaurasia  | Date: 2022-02-24 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

Singapore & India sign MoU to boost mergers in research & technology

World’s largest regional trade hub Singapore is strengthening its cooperation in technology, science, and innovation with India, a technology powerhouse.

Singapore’s Ministry of Trade and Industry (MTI) and India’s Department of Science and Technology (DST) have reportedly signed a memorandum of understanding which will grant organizations in both the nations with opportunities to work in partnership in these segments.

Under the MoU, both the nations will explore ventures which will influence various sectors like manufacturing, advanced engineering, energy and other evolving technologies.

As per credible sources, DST and Enterprise Singapore inked another agreement to facilitate prospects for firms in both the nations to work together in developing new advanced technologies and solutions.

The agreement will facilitate the launch of joint proposals on state-of-the-art projects by Indian and Singapore businesses along with funding for the approved ventures.

According to sources, the MoU and the agreement were interlinked on the first day of the India-Singapore Technology Summit 2022, which was jointly organized by the government of India, DST, MTI, and Confederation of Indian Industry.

For the unversed, the virtual two-day event will have speakers from India and Singapore discussing topics like smart cities, space technologies and use of clean technology for sustainable transportation.

S. Iswaran, Minister-in-charge of Trade Relations, Singapore, during his speech noted that the bilateral trade of goods between the two nations has risen by 35% from $19.8 billion in 2020 to $26.8 billion the previous year.

Iswaran added that the expansion of the trade is a sign that the economies are recuperating from the debilitating impact of COVID-19 pandemic.

He also mentioned that the international partnerships in research and technology are necessary for building commercially practical solutions which can protect lives and livelihoods as the world suffers the climate crisis, which will further cause interruptions in global supply chains.

Source Credit:- https://www.straitstimes.com/singapore/singapore-india-sign-agreements-to-boost-collaboration-in-technology-and-research

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Nikita Chaurasia     twitter

Nikita Chaurasia

Having always been daft at wordplay, Nikita Chaurasia, post the completion of post-graduation, commenced her journey into the content generation cosmos. Endowed with a professional MBA degree in Advertising and Public Relations, Nikita strives to integrate her creativ...

Read More..

More News By Nikita Chaurasia

Arm Holdings achieves $54.5 Billion Valuation in successful U.S. IPO

Arm Holdings achieves $54.5 Billion Valuation in successful U.S. IPO

By Nikita Chaurasia

Arm Holdings Plc, the renowned chip designer, has reportedly secured a valuation of $54.5 billion through its U.S. initial public offering (IPO) on Wednesday. This milestone comes seven years after its acquisition by SoftBank Group Corp for $32 billi...

JSW Steel to increase its capacity by double in the next 3 years

JSW Steel to increase its capacity by double in the next 3 years

By Nikita Chaurasia

According to Chairman Sajjan Jindal, JSW Steel has set a target to increase its capacity to 50 million tonnes within the next three years. Speaking at an event organized by the Bombay Chartered Accountants Society, Jindal also mentioned the company&#...

KLM unveils World Business Class Seats for optimal comfort & privacy

KLM unveils World Business Class Seats for optimal comfort & privacy

By Nikita Chaurasia

KLM Royal Dutch Airlines has reportedly unveiled its latest World Business Class seats, designed to provide enhanced comfort and privacy. The World Business Class seats feature a sliding door, ensuring a greater sense of personal space. Additional...