India-Singapore joint logo

Why in the news?

• Indian President Draupadi Murmu and Singapore President Tharman Shanmugaratnam unveiled a joint logo to celebrate the 60th anniversary of the establishment of diplomatic relations between the two countries.

Key points:

• The joint logo incorporates the colours of the Indian and Singapore national flags and national flowers.
• Flowers in the joint logo:
• National flower of India- Lotus
• National flower of Singapore- Orchid
• It symbolises enduring friendship, mutual trust and shared values ​​between the two countries.
  • It creatively depicts the main features of the partnership of the two countries.
  • This logo will serve as a symbol to promote cooperation and closeness in the future.

Singapore President's visit to India:

• The President of Singapore is on a five-day visit to India.
• This is his first visit to India as the President of Singapore.
• Singapore President Shanmugaratnam discussed a number of issues with President Draupadi Murmu.
• Prime Minister Narendra Modi also met the President of Singapore.
• During the meeting, they comprehensively reviewed the bilateral partnership.
• Also exchanged views on regional and global issues of mutual interest.

India-Singapore Relations:

Political and Diplomatic Relations:

• India established diplomatic relations soon after Singapore's independence (1965).
• Both countries work under the "Strategic Partnership", which was formally announced in 2015.
• Singapore is a key pillar of India's "Act East Policy".

Military Cooperation:

• Military cooperation between the two countries is also strong.
• Both countries conduct joint military exercises and exchange defense equipment.
  • SIMBEX: It is an annual bilateral naval exercise between the Indian and Singapore Navies.
  • Agni Warrior: It is a joint military exercise between the Indian Army and Singapore Armed Forces.

Economic Cooperation:

• Singapore is one of the largest foreign investors in India.
• India is an important trading partner for Singapore.
• Both countries have signed the Comprehensive Economic Cooperation Agreement (CECA).
  • This has boosted trade and investment.
• Singapore is India's sixth largest trading partner, accounting for 3.2% of India's total trade.
• In the financial year 2023-24, bilateral trade between India and Singapore reached US$35.61 billion.