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 Minister is accompanied by 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 Centers of Excellence and visits to skilling institutions in Singapore, focusing on partnerships, investment, market access, technology collaboration, and talent development. On August 20, 2026, Shri Goyal will participate in the 4th India-Singapore Ministerial Roundtable alongside Union Ministers Smt. Nirmala Sitharaman, Dr. Subrahmanyam Jaishankar, and Shri Ashwini Vaishnaw, engaging with Singaporean counterparts and senior leadership.
During the visit, Shri Goyal will call on Mr. Lawrence Wong, Prime Minister of Singapore, at the Istana and hold Government-to-Business engagements with representatives from the Global Finance & Technology Network, YPO Global, Milken Institute, Keppel Infrastructure, Temasek Holdings, IHH Healthcare, Singapore Business Federation, Turner & Townsend, and STT GDC, followed by a Family Office Roundtable. The Minister 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 in Singapore's retail market.
Shri Goyal will also participate in a fireside chat on "India in the New Global Growth Equation: Growth and Opportunity for Businesses in Asia and the World" at the India-Singapore Business Forum organized by FICCI at the INSEAD Asia Campus and deliver a keynote address at the ICAI ASEAN Conference 2026 at Marina Bay Sands Expo and Convention Centre.
Singapore remains India's key economic partner, being the largest source of FDI 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 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).