Union Minister of Commerce and Industry Shri Piyush Goyal is visiting Singapore from August 19-21, 2026, for the 4th India-Singapore Ministerial Roundtable (ISMR) framework, which serves as the apex ministerial mechanism for advancing the India-Singapore Comprehensive Strategic Partnership. The visit includes a 70-member Indian business delegation comprising senior leaders from technology, software and AI, manufacturing and engineering, infrastructure and sustainability, financial services and FinTech, healthcare and life sciences, food and agriculture, logistics, maritime and trade, and professional services.
The delegation will undertake B2B, G2B and institutional engagements, including interactions with leading Centres of Excellence and visits to skilling institutions in Singapore, focusing on partnerships, investment, market access, technology collaboration and talent development. Minister Goyal will participate in the 4th India-Singapore Ministerial Roundtable on August 20, 2026, alongside Union Ministers Nirmala Sitharaman (Finance and Corporate Affairs), Subrahmanyam Jaishankar (External Affairs), and Ashwini Vaishnaw (Railways, Information and Broadcasting, and Electronics and Information Technology).
The Minister will call on Singapore Prime Minister Lawrence Wong at the Istana and hold Government-to-Business engagements with senior representatives from the Global Finance & Technology Network, YPO Global, Milken Institute, Keppel Infrastructure, Temasek Holdings, IHH Healthcare, Singapore Business Federation Chairman-led delegation, Turner & Townsend and STT GDC, followed by a Family Office Roundtable. He will jointly visit an APEDA–FairPrice initiative at City Square Mall with Singapore's Minister of State for Foreign Affairs and Trade & Industry, Ms Gan Siow Huang, to promote Indian agri-food exports and strengthen their presence in Singapore's retail market.
Minister Goyal will also participate in the India-Singapore Business Forum organised by FICCI at the INSEAD Asia Campus, featuring a fireside chat on "India in the New Global Growth Equation: Growth and Opportunity for Businesses in Asia and the World," and deliver a keynote address at the ICAI ASEAN Conference 2026 at the Marina Bay Sands Expo and Convention Centre.
Singapore remains India's key economic partner, being the largest source of FDI into India in FY 2025-26 with inflows of USD 19.8 billion. Cumulative FDI inflows from Singapore stood at USD 194.68 billion during April 2000-March 2026, accounting for 24.72% of India's total FDI inflows. Singapore is also India's largest trading partner within ASEAN, with bilateral trade expanding from USD 6.7 billion in FY 2004-05 to USD 36.1 billion in FY 2025-26 following the India-Singapore Comprehensive Economic Cooperation Agreement (CECA).