Prime Minister Narendra Modi is in Singapore for the ASEAN-India and East Asia Summits. He participated in the Regional Comprehensive Economic Partnership Leaders' Meeting. "My participation in these meetings symbolizes our continued commitment to strengthening our engagement with ASEAN Member States and with the wider Indo-Pacific region. I am looking forward to my interactions with other ASEAN and East Asia Summit Leaders," he had said ahead of his visit.
PM Modi also met US Vice President Mike Pence. He became the first head of government to deliver the keynote speech at the Singapore Fintech Festival. In his speech, PM Modi highlighted how India has become the best destination for start-ups. During his visit, he is also scheduled to interact with the participants and winners of the joint India-Singapore Hackathon.
"It is my firm belief that if we provide the right encouragement and a nurturing ecosystem, our youth has the ability to become global leaders in providing solutions to the challenges facing humanity", PM Modi said. He also said that he is confident that the visit to Singapore will impart fresh momentum to our growing partnership with ASEAN and East Asia Summit nations.
Here are the Highlights from PM Modi's visit to Singapore:
Shaping the agenda for regional cooperation
- Raveesh Kumar (@MEAIndia) November 14, 2018
PM @narendramodi attended the 2nd #RCEP Summit in Singapore with 16 member states. PM reiterated that India was committed to early conclusion of high quality comprehensive and balanced regional economic partnership agreement. pic.twitter.com/Ttwv9k6yQn
Important discussion with India's Prime Minister @narendramodi while in Singapore. Spoke about our shared vision of a free and open Indo-Pacific & reaffirmed our commitment to strengthen security and counterterrorism cooperation and coordination. #VPinAsia #ASEAN pic.twitter.com/Cjqkr0RQWr
- Vice President Mike Pence (@VP) November 14, 2018
PM @narendramodi meeting with the Vice President of USA, Michael R. Pence on the sidelines of #EastAsiaSummit in Singapore. pic.twitter.com/ee8se6KtzU
- PIB India (@PIB_India) November 14, 2018
In the statement made on behalf of PM Modi, he extended his wishes to US President Donald Trump who held Diwali celebrations in the White House on Tuesday. He also expressed his condolences to those affected by the California Wildfire. He then spoke about the elevation of Indian-origin Neomi Rao and his announcement to nominate her to fill Brett Kavanaugh's former seat on the D.C. Circuit Federal Court of Appeals Indian. Inducting an Indian Americans a woman is a big deal, he said thanking President Trump for it.
"India is with you on every issue that concerns world peace, democratic values... Bring out change in people's lives," the statement added.
"Looking forward to talking about our ongoing efforts of denuclearisation. India's strong support will be grateful. Even as president moves towards another summit with kim," said US Vice President Mike Pence. "The largest and oldest democracies in world have much in common. Free markets and finding more ways to have reciprocal economic exchange and trade," Mike Pence added.
Prime Minister Narendra Modi launches APIX - a banking technology designed to reach two billion people without bank accounts worldwide - at the #SingaporeFintechFestival.
- NDTV (@ndtv) November 14, 2018
(📸 credit: ANI) pic.twitter.com/uWxPkj2CzV
Fintech can be used to make the world a better place: PM pic.twitter.com/fzNUEaW3XO
- PMO India (@PMOIndia) November 14, 2018
- There is an explosion of fintech innovation and enterprise in India. It has turned India into a leading fintech and startup nation in the world. The future of fintech and industry 4.0 is emerging in India
- Our youth are developing apps that are making dreams of paperless, cashless, and yet safe and secure transactions for all
- We see inspiring stories of extraordinary innovation changing ordinary lives
- But there is much to be done
Our task was not easy, specially in a country of India's size, and we have achieved this in months, not years: Prime Minister @narendramodi in Singapore.
- NDTV (@ndtv) November 14, 2018
Watch LIVE on https://t.co/hMlRpgrUU6
Track updates: https://t.co/KpYwedOy1O pic.twitter.com/hqnAkWcg1c
Digital technology is also introducing transparency and eliminating corruption through innovation such as the @GeM_India : PM pic.twitter.com/pZTyWC1uPJ
- PMO India (@PMOIndia) November 14, 2018
- India is a nation of diverse circumstances and challenges
- Our solutions must also be diverse
- Our digitization is a success because our payment products cater to everyone
- 128 banks in India are connected to UPI payment
- UPI grew 1500 times in 24 months
- BHIM-UPI is the world's most sophisticated, simple and seamless platform for payments between accounts, using a virtual payment address
- For those who have neither mobile not internet, there is Aadhaar Enabled Payment System, which uses biometrics. And, it has already registered a billion transactions and grown six-fold in 2 years
Financial inclusion has become a reality for 1.3 billion Indians: PM pic.twitter.com/FMqRSdqZOs
- PMO India (@PMOIndia) November 14, 2018
- The Fintech Festival is also a celebration of belief
- Belief in making the world a better place
- From internet to social media, we have come a long way in a short while. Technology is defining competitiveness and creating opportunities to transform lives
- My government came to office in 2014 with a mission of inclusive development that would change the lives of every citizen, even the weakest in the remotest village
- We have opened 330 million bank accounts, more than a billion cellphones
- We are in an age of a historic transition brought about by technology. From desktop to cloud, from internet to social media, from IT Services to Internet of Things, we have come a long way in a short time. There is daily disruption in businesses.
- The character of the global economy is changing. Technology is defining competitiveness and power in the new world. And, it is creating boundless opportunities to transform lives
- Financial inclusion has become a reality for 1.3 billion Indians, says Prime Minister Narendra Modi at Fintech Festival
