PM Narendra Modi, US Vice President Mike Pence Meet In Singapore: 10 Points
PM Narendra Modi’s meeting with Mike Pence comes at a time when there have been differences between the two countries over India’s defence purchases from Russia and oil imports from Iran
Here is your 10-point cheatsheet to PM Narendra Modi’s visit to Singapore:
- The meeting between PM Narendra Modi and Mr Pence comes weeks after US president Donald Trump turned down PM Narendra Modi’s invite to India’s Republic Day as chief guest due to “scheduling constraints”. There have been much speculations about the India-US ties over India’s defence purchases from Russia and oil imports from Iran.
- During their meeting, PM Narendra Modi and Mr Pence are expected to discuss bilateral defence cooperation and a common vision for maintaining a free and open Indo-Pacific, the White House said.
- PM Modi began his day by attending the Singapore Fintech Summit where he urged start-ups to invest in India. “I say this to all the fintech companies and start-ups, India is your best destination,
- ” he said. PM Modi is the first head of government to deliver the keynote address at the event, one of the largest events on financial technology.
- “Financial inclusion has become a reality for 1.3 billion Indians,” PM Modi said. He said India has generated more than 1.2 billion Aadhaar biometric identities in just a few years. He said more than a billion biometric identities, bank accounts and cell phones give India the biggest public infrastructure in the world.
- Before leaving for Singapore, PM Modi said in New Delhi that his participation in the ASEAN-India and East Asia summits symbolised India’s “continued commitment” to strengthen its engagement with ASEAN members and with the wider Indo-Pacific region.
PM Modi will hold bilateral talks with Singapore prime minister Lee Hsein Loong and Australian prime minister Scott Morrison.
- The prime minister will also interact with the participants and winners of the joint India-Singapore Hackathon.
- As strategic partners, India and ASEAN enjoy close trade and economic relations. Trade between India and ASEAN stood at $ 81.33 billion in 2017-18 and constitutes 10.58 per cent of India’s total trade. Exports to member nations constitute 11.28 per cent of India’s total exports.
- In January, India hosted ASEAN-India Commemorative Summit. All 10 ASEAN leaders had attended the Republic Day celebrations.
- The East Asia Summit is a premier leaders-led forum in the Indo-Pacific Region comprising of the 10 ASEAN member nations (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand, Philippines and Vietnam) and its eight dialogue partners – India, China, Japan, South Korea, Australia, New Zealand, the US and Russia.