During his opening remarks, PM Modi said Singapore is not only a partner nation but it is an inspiration for every developing country

"A new chapter in - ties: Comprehensive Strategic Partnership established. PM @narendramodi and PM @LawrenceWongST held a productive meeting in Singapore today," Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said in a post on X after the meeting

"The leaders agreed to elevate the - ties to Comprehensive Strategic Partnership. They extensively reviewed various facets of the bilateral relationship covering areas of Advanced Manufacturing, Connectivity, Digitalisation, Healthcare & Medicine, Skills Development and Sustainability," he said

The MEA in a statement said both leaders reviewed the progress of India - Singapore bilateral relations

"Given the breadth and depth of bilateral ties and immense potential, they decided to elevate the relationship to a Comprehensive Strategic Partnership. This would also give a major boost to India's Act East Policy," it said

Taking stock of the robust progress in economic ties, the leaders called for further expanding trade and investment flows between the two countries. Prime Minister highlighted that Singapore with an investment of around USD 160 billion in the Indian economy, is a leading economic partner for India. He further noted that rapid and sustained growth in India has opened up immense investment opportunities for Singaporean entities, it added

They also reviewed existing cooperation in the fields of defence and security, maritime domain awareness, education, AI, Fintech, new technology domains, science and technology and knowledge partnership. The two leaders called for strengthening connectivity between the countries to enhance economic and people-to-people ties. They also called for acceleration in green corridor projects

The two leaders discussed the outcome of the 2nd India-Singapore Ministerial Roundtable held in Singapore in August 2024

"Noting that the Ministerial Roundtable is a unique mechanism, the leaders appreciated the work done by senior ministers from both sides in deliberating and identifying a new agenda for bilateral cooperation. The leaders called for accelerated action under the pillars of cooperation identified during the Ministerial Roundtables - advanced manufacturing, connectivity, digitalisation, healthcare & medicine, skills development and sustainability," the statement said