India, Singapore to enter into new ‘Air Service Agreement’ soon: Modi

New Delhi, June 1: Visiting Indian Prime Minister Narendra Modi on Friday held delegation-level talks with his Singaporean counterpart Lee Hsien Loong and exchanged agreements between the two countries. 

Following this, both leaders issued a joint statement briefing about the meeting.

Loong opened his statement saying ” Our defence ties have strengthened, our navies have signed an agreement today on logostics cooperation and will also celebrate 25th anniversary of annual Singapore-India maritime bilateral exercise this year”.

“We have launched initial link for our payment systems NETS and RuPay. Indian tourists will be able to use their RuPay cards for electronic payments at Changi airport and selected operators across Singapore”, he added.

Meanwhile, PM Modi said, “We have been able to conclude successfully the second review of comprehensive economic cooperation agreement but we agreed this is not just our target and goal but this only means to an end & officials will soon start discussing how to reform and upgrade this further”.

Announcing about a new ‘Air Service Agreement’, the Indian Prime Minister stated ” I was happy to see that CEO’s of many important companies are looking at India with confidence. Both the countries are going to enter into a new ‘Air Service Agreement’ really soon and we are soon going to preview it”.

“I am happy to note that Indian companies use Singapore as a springboard for not only this country but for the entire ASEAN region. For Singaporean companies, as India progress and develops, opportunities are coming up”, Modi said.

Singaporean PM sated “Andhra Pradesh Amaravati city project is progressing well with Singapore Consortium. We also recently launched Maharashtra-Singapore joint committee, to explore economic cooperation including planning and development of the airport in Pune”.

WeForNews 

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