India-Singapore Initiative for Green Energy Corridor: Focus on Hydrogen and Manufacturing
Key Ideas
- India and Singapore are collaborating to establish a green energy corridor, emphasizing green hydrogen, shipping, and manufacturing.
- The initiative aims to create a green hydrogen corridor in Eastern India and facilitate secure data exchanges in the financial sector.
- The partnership also includes aerospace MRO and semiconductor manufacturing, which is expected to boost job opportunities and economic development.
- The visit of Singaporean President Tharman Shanmugaratnam led to discussions with Indian leaders to strengthen bilateral ties and promote green initiatives.
India and Singapore have embarked on a joint venture to establish a pioneering green energy corridor, with a strong emphasis on green hydrogen, shipping, and manufacturing sectors. The Ministry of External Affairs (MEA) has confirmed this significant development following discussions between Singaporean President Tharman Shanmugaratnam and Indian leaders, including President Droupadi Murmu and Prime Minister Narendra Modi. The primary objectives of this collaboration are to create a green hydrogen corridor with strategic connections in Eastern India and establish data corridors to enable secure financial sector exchanges. Additionally, the partnership will extend to aerospace Maintenance, Repair, and Overhaul (MRO) activities and semiconductor manufacturing, offering great potential for job creation and economic growth in both countries. This initiative signifies a step towards fostering deeper bilateral ties and promoting sustainable practices in the energy and manufacturing domains.