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India & Singapore on Track 2 diplomacy mode
07
Apr '08
An India-Singapore Strategic Dialogue is to be instituted in a Track 2 diplomacy mode to examine new areas of bilateral cooperation and to exchange views, stated Mr. Lee Hsien Loong, Prime Minister of Singapore.

He was attending a gala dinner to mark the first day of the Incredible India @ 60 campaign being held in Singapore by the Government of India and the Confederation of Indian Industry. Prime Minister Lee also stayed for the exuberant fashion show 'Kotwara' by Meera and Muzaffar Ali.

In his address to the large high-level gathering, the Prime Minister said that India-Singapore relations are based on mutual respect and common interests. Foreign ministers of both countries are to meet later this month to oversee bilateral projects.

The Comprehensive Economic Partnership Agreement of the two countries has given an impetus to trade and investment links. Trade grew 20% last year, and over 750,000 Indian tourists visited Singapore, he said.

Lauding India's 'historic transformation' to a path of resilient and sustained growth, the Prime Minister said that its economic vitality and dynamism had created new opportunities for the world.

South East Asia is fortunate to be neighbour to the two fast-growing economies of India and China, he commented. Quoting Indian Prime Minister Dr. Manmohan Singh, Mr. Lee said that India has a long march ahead.

However, he reiterated that India's determination, confidence and dynamism would help it continue to progress. The examples of Mittal Steel and Tata Motors are visible signs of how India is integrating with the world economy, he added.

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