Prasoon Mukherjee, Chairman of Universal Success Enterprises (USE) Group, met with Prime Minister Narendra Modi in Singapore on Thursday during the Prime Minister's two-day visit, which began on September 3, 2024.
Following the meeting, the USE Group announced plans to invest in and develop industrial parks across India and undertake sustainable projects aimed at helping India achieve its 2030 carbon neutrality targets, as outlined by the Prime Minister. USE Group, a diversified multinational company headquartered in Singapore, is currently developing a 500 MW solar park in Gujarat, logistics parks in Uttar Pradesh, West Bengal, and Assam, and a data center in West Bengal.
During the visit, India and Singapore elevated their relationship to a "comprehensive strategic partnership" and signed four Memorandums of Understanding (MoUs), including one focused on cooperation in the semiconductor industry. Singaporean companies also committed to investing around USD 60 billion in India over the coming years.
PMO's Tweet:
Prime Ministers @narendramodi and @LawrenceWongST held productive talks today. They deliberated on ways to further deepen India-Singapore partnership across key sectors including technology, healthcare, trade, skilling, and more. pic.twitter.com/F4nmAKhxyb
— PMO India (@PMOIndia) September 5, 2024
Prime Minister Modi, who arrived from Brunei, praised Singapore as a model for developing nations and expressed India’s ambition to create "several Singapores" of its own. He held talks with Singapore's Premier Lawrence Wong to strengthen collaboration in key areas such as technology, healthcare, trade, and skills development.
Following the meeting, PM Modi held a roundtable with top business leaders and CEOs in Singapore, where he highlighted ongoing reforms in India that encourage investment and innovation. He invited Singaporean business leaders to explore opportunities in sectors such as aviation, energy, and skill development.