Summary:

Mr. Jaideep Mazumdar, Secretary (East) in the Ministry of External Affairs, announced that Prime Minister Narendra Modi will visit Brunei on September 3-4 and Singapore on September 4-5, marking his return to the region after six years. He emphasized India's significant interest in semiconductor cooperation with Singapore, citing its 20-year history and the potential for further collaboration as Singapore establishes facilities in India.

He noted that Singapore's Foreign Direct Investment (FDI) totaled US$11.77 billion last year. Regarding Brunei, he mentioned ongoing space and defense collaboration in telemilitary tracking and command, with further progress anticipated. Hydrocarbons account for 60-70% of bilateral trade with Brunei, totaling around US$250 million, including US$270 million in crude oil. Despite current figures being modest, there is potential for significant growth, particularly in natural gas imports.

Source: IBEF 

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