Singapore and India
Singapore’s engagement with India dates back to the Cholas, one of the longest-ruling dynasties in the history of southern India, continued past the era when Singapore was a colony under British India and governed from Calcutta from 1830 to 1867, and is today characterised by strong commercial, cultural and people-to-people ties between the two Republics. Bolstered via the Strategic Partnership signed in November 2015 by the two Prime Ministers, these ties continue to strengthen, especially in the trade and economic development areas...
The 2014 elections in India opened a window of opportunity for increased Singapore involvement in India, specifically in the post-bifurcation state of Andhra Pradesh. Taking the cue from PM Narendra Modi’s “100 Smart Cities” initiative, Singapore is honoured to play a role in the building of a new capital city for Andhra Pradesh, called “Amaravati: The people’s Capital of Andhra Pradesh”.
Andhra Pradesh is among the top investment destinations for Singapore companies. Before it split in early 2014, the old Andhra Pradesh ranked high among Indian states in terms of economic growth. In the territory of the new Andhra Pradesh, Singapore has significant investments in the power and offshore marine sectors amounting to about S$500mil. The new Andhra Pradesh state has good economic potential: e.g. a long coastline in excess of 900 km; various mineral resources (including gas reserves); and a major port in Vishakhapatnam. A good network of railroads, growing network of highways, coupled with its location on the Bay of Bengal facing Southeast and East Asia make Andhra Pradesh a potential gateway for imports to, and exports from, the Indian heartlands.