Prime Minister Narendra Modi is set to undertake a significant diplomatic journey to Brunei and Singapore from September 3-5. This visit marks a notable return to the region after a six-year hiatus and is expected to bolster India’s strategic partnerships in various crucial sectors.

During the visit, Jaideep Mazumdar, Secretary (East) in the Ministry of External Affairs, confirmed India's strong interest in advancing semiconductor cooperation with Singapore. He highlighted Singapore's established role in the global semiconductor ecosystem with over 20 years of expertise. India is eager to explore this collaboration further, particularly as Singapore is setting up semiconductor facilities in India. This initiative is expected to significantly enhance India’s semiconductor capabilities and foster deeper economic ties.

Mazumdar also pointed out that Singapore's Foreign Direct Investment (FDI) in India reached a substantial US$ 11.77 billion last year, reflecting robust economic engagement between the two countries. The visit aims to build on this momentum and explore further opportunities for investment and cooperation.

In addition to semiconductor collaboration, the visit will address space and defence cooperation with Brunei. Mazumdar highlighted the ongoing joint efforts in telemilitary tracking and command, with plans for further development as technology and requirements evolve. This collaboration is set to strengthen the strategic partnership between India and Brunei.

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Regarding economic trade, Mazumdar provided insights into the current state of bilateral trade with Brunei. He noted that hydrocarbons make up 60-70% of this trade, totaling approximately US$ 250 million, with crude oil accounting for about US$ 270 million. Despite these figures being modest currently, there is significant potential for growth, especially in natural gas imports. This area of trade holds promise for expanding economic relations between India and Brunei.

Overall, Prime Minister Modi’s visit represents a pivotal opportunity to advance India's strategic partnerships with Brunei and Singapore. It underscores India's commitment to deepening cooperation in technology, defence, and trade, positioning it to leverage growing relationships with these important Southeast Asian nations.

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