Singapore and India to work together on tech and innovation

SINGAPORE: Singapore’s Ministry of Trade and Industry, and India’s Department of Science and Technology have signed a memorandum of understanding to collaborate in science, technology, and innovation.

The agreement seeks to encourage, develop, and facilitate development such as advancements in engineering, manufacturing, and health tech. The memorandum also includes funding for corporates and startups from both countries, particularly in areas which are of mutual interest to both countries' economic transformation and growth.

These sectors include the green economy, advanced manufacturing, and agricultural technology.

S Iswaran, Minister-in-charge of Trade Relations, said international collaborations in technology and research are vital to building commercially viable solutions that can save lives and livelihoods.

"There are three areas where the two countries could push the boundaries by combining their research and development talent and resources: deep tech, artificial Intelligence and the Internet of Things (IoT) hold much potential in a wide range of areas," he said.

The memorandum also aims to address the development of digital skills for workers and the digital transformation of businesses and public services.

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