Tata Sons plans to select Singapore as a key partner in its semiconductor ventures, as revealed by Singapore’s Minister for Home Affairs, K Shanmugam, following a meeting with Tata Sons Chairman N. Chandrasekaran. Singapore, a significant player in the semiconductor industry, commands 20% of global semiconductor equipment production. The Tata Group is already involved in semiconductor projects, including a Rs 91,000 crore facility in Gujarat and another Rs 27,000 crore facility in Assam, partnering with Taiwan’s Powerchip Semiconductor Manufacturing Corporation.
Shanmugam emphasized that the cooperation between India and Singapore extends beyond trade, covering critical areas such as energy, semiconductors, and strategic security. He also discussed the evolving India-Singapore relationship and the growing interest of Singapore’s Port Authority in investing in India’s infrastructure, particularly in ports.
The ministers also addressed issues such as potential shifts in international partnerships and cross-border payment mechanisms, with Singapore continuing to expand its influence globally. The bilateral ties are evolving into a more multifaceted relationship, with increasing collaborations in various sectors.
