Tuesday 30 August 2016
facebook.com/Outlookindia twitter.com/outlookindia digimag.outlookindia.com instagram.com/outlookindia youtube.com/user/OutlookMagazine

Singapore to Help India in Smart Cities Project

Priyanka Tikoo/Singapore

Having allocated over Rs 7,000 crores in its recent budget for development of 100 'smart cities', India today roped in Singapore for providing its expertise in this even as the two countries decided to step up economic engagement besides defence and security cooperation.

External Affairs Minister Sushma Swaraj concluded a hectic 24-hour visit here with an understanding with this city-state to identify concrete projects in skills development and rejuvenation of Indian cities which would include 'smart cities'.

The concept of 'smart cities' as satellite towns of larger ones was enunciated in last month's budget by the new NDA government which has allocated a sum of Rs 7,060 crore for the ambitious plan.

"Singapore's expertise in smart cities, urban planning and water management strategies offer a valuable learning experience for India. We shall work for setting up greenfield smart cities and for urban rejuvenation. Our experts shall identify the priorities and we shall coordinate its timely delivery," Swaraj said before leaving for New Delhi. 

Swaraj, who has undertaken visits to neighbouring countries Bangladesh, Myanmar, Bhutan and Nepal in recent weeks, spent the day holding meetings with Singapore's leadership including Prime Minister Lee Hsein Loong and her counterpart K Shanmugam.

She kicked off year-long celebrations to mark 50 years of establishment of India-Singapore diplomatic ties jointly with Shanmugam who noted that India was one of the first countries to give diplomatic recognition to Singapore.

Swaraj said, "We look forward to Singapore companies to speed up connectivity and infrastructure projects in India, particularly, along the Delhi-Mumbai Industrial Corridor (DMIC), the Chennai-Bangalore Industrial Corridor and the North-East. Singapore could develop a virtual city or a 'little Singapore' somewhere along the corridor."

Noting that Singapore was not only India's largest trading partner in ASEAN, but also one of the largest sources of foreign investment in India, she also proposed that the two countries should explore prospects for cooperative projects in third countries.

As part of the 50th anniversary celebrations, President Pranab Mukherjee and his Singapore counterpart Tony Tan would exchange state visits next year.

The annual bilateral trade has flourished in the last decade from USD 4.2 billion in 2003-04 to around USD 19.4 billion in 2013-14, notably since the signing of the Comprehensive Economic Cooperation Agreement (CECA) in 2005.

A joint statement issued after talks between Swaraj and Shanmugam said, "Both ministers expressed the hope that the negotiations for the Second Review of the CECA would be completed expeditiously, which would send a positive signal to the business community."

The Ministers also reaffirmed the importance of ASEAN's centrality in the regional architecture as well as the growing and wide-ranging cooperation between ASEAN and India.

They looked forward to the signing of the Free Trade Agreement in Services and Investment between ASEAN and India by the end of 2014.

READ MORE IN:
PEOPLE: Sushma Swaraj
PLACES: Singapore
SECTION: International
OUTLOOK 16 August, 2014
© Copyright PTI. All rights reserved. Republication or redistribution of any PTI content, including by framing or similar means, is expressly prohibited without their prior written consent.
Download the Outlook ​Magazines App. Six magazines, wherever you go! Play Store and App Store

Post a Comment

You are not logged in, please Log in or Register
  • Daily Mail
THE LATEST ISSUE
CLICK IMAGE FOR CONTENTS
OUTLOOK ON TWITTER
POLLS

In 1999, India and France entered into a $3.5 billion deal for the supply of these submarines. The first of the 6 subs is out on sea trials for the last three months and is to be commissioned later this year. At this stage, a newspaper in Australia has revealed secret data on the submarines, plausibly stolen from India. Indian Defence authorities have ruled out any pilferage of data from India.

POLL STARTED ON: Aug 26, 2016
Quiz
Brazil’s Rio de Janeiro is hosting the 31st Olympic Games from August 5 to 21. This is the first Olympics being held in South America and is going on even as a majority Brazilians are unhappy with their rulers. Here’s a quiz on some random Olympic facts and related trivia.
QUIZ STARTED ON: Aug 11, 2016
Advertisement