Singapore President Tharman Shanmugaratnam Highlights India's Role in Global Economy During Odisha Visit
Singapore President Visits India
Tharman Shanmugaratnam's Insights on India's Global Role
During his visit to Odisha, Singapore President Tharman Shanmugaratnam emphasized India's growing importance in the global economy. He noted that India aims to be a key player in a multipolar world, with significant potential as an export economy due to its demographics and development stage.
India-Singapore Cooperation
President Tharman highlighted the collaboration between India and Singapore, particularly in developing India's semiconductor ecosystem. The India-Singapore Ministerial Roundtable (ISMR) is a platform for this cooperation, with Singapore exploring contributions to industrial parks and green energy projects.
Green Energy and IT Collaboration
India's potential in solar and wind energy positions it as a major producer of green ammonia. Singapore is interested in collaborating on green energy projects and establishing a green corridor to Southeast Asia. The two countries are also working on IT sector cooperation, focusing on digital technology and secure data exchanges.
Building Mutual Trust
President Tharman emphasized the importance of projects that strengthen mutual trust between India and Singapore, a rare commodity in today's global environment.
Doubts Revealed
Tharman Shanmugaratnam
Tharman Shanmugaratnam is the President of Singapore, a country in Southeast Asia. He is an important leader who helps make decisions for his country.
Odisha
Odisha is a state in eastern India, known for its rich culture and history. It is famous for its temples, beaches, and wildlife.
Global Economy
The global economy refers to the way countries around the world trade goods and services with each other. It is like a big market where countries buy and sell things to help their people live better.
Multipolar World
A multipolar world is one where several countries have power and influence, instead of just one or two. It means that many countries work together to solve global problems.
Semiconductor Development
Semiconductors are tiny parts used in electronic devices like computers and phones. Developing them means making better and more efficient parts for these devices.
Green Energy
Green energy is energy that comes from natural sources like the sun, wind, and water. It is called 'green' because it is better for the environment and does not cause pollution.
IT
IT stands for Information Technology, which involves using computers and software to store, protect, and process information. It is important for businesses and communication.
India-Singapore Ministerial Roundtable
The India-Singapore Ministerial Roundtable is a meeting where leaders from India and Singapore discuss ways to work together. They talk about important topics like trade, technology, and energy.
Mutual Trust
Mutual trust means that two or more people or countries believe in each other and rely on each other to do the right thing. It is important for good relationships and cooperation.
Your email address will not be published. Required fields are marked *