BENGALURU: Singapore’s Minister of State for Foreign Affairs, Trade, and Industry Gan Siow Huang on Wednesday discussed opportunities to deepen partnerships between Karnataka and Singapore in trade, innovation, and skill development with Deputy Chief Minister DK Shivakumar and Industries Minister MB Patil.
“We discussed opportunities to deepen partnerships in trade, innovation, and skill development between Karnataka and Singapore,” Shivakumar said.
Patil and Gan discussed investments and industrial collaboration between Karnataka and Singapore. Patil said Singapore is globally recognised for its excellence in the aviation sector, particularly in the Maintenance, Repair and Overhaul (MRO) segment.
“I highlighted Karnataka’s strong potential in aviation MRO, information technology, semiconductors, fintech, chip design, and pharmaceutical manufacturing sectors. I plan to visit Singapore in early 2026 to advance bilateral cooperation. In advance, we will prepare a detailed action plan at the official level. This partnership will mark a new chapter in industrial growth, investment promotion, and technology exchange,” he added.
Since 2020, Singaporean companies have invested USD 174.88 billion in India, accounting for about 24% of the country’s total FDI inflow. Over 9,000 Indian companies are operating in Singapore, while 440 Singaporean firms are active in India, Patil added.
US delegation
Patil also held discussions with President of the Senate of the US State of Utah Jabez Stuart Adams and President and CEO of the World Trade Center Utah Jonathan Freedman. They discussed investment opportunities in Karnataka in the aerospace, defence, and technology sectors.
“Companies from Utah are exploring opportunities in sectors such as manufacturing, life sciences, diagnostics, education, and e-mobility. We briefed Mr Adams and Mr Freedman about Karnataka’s industrial policy, infrastructure, incentives, concessions, and single-window clearance system,” he added.