"No other relationship of India has as many layers as our relations with China. We are the world's two most populous countries and among the fastest growing major economies. Our cooperation is expanding," he said.
"The biggest challenge before us is that the 21st century belongs to Asia. But do we have this sentiment, I think that is the biggest challenge," he said.
Modi hailed the close defence cooperation between the two countries and welcomed the completion of the logistics agreement between the two navies.
He said that India will work with Singapore to bring the Regional Comprehensive Economic Partnership to early conclusion. He also said the India-Singapore Comprehensive Economic Cooperation Agreement has been reviewed and the two sides will work to further upgrade it.
The Nifty Options would add to SGX's suite of Asian equity derivatives, which include SGX S&P CNX Nifty futures, the dominant Indian product for international participants.
Tens of thousands of people on Sunday braved heavy rains to bid a teary adieu to Singapore's founding leader Lee Kuan Yew in a grand funeral attended by many world leaders, including Prime Minister Narendra Modi
India's foreign reserves continue to march to record highs, touching USD 393 billion early this month backed by strong foreign portfolio and investment flows, according to Development Bank of Singapore.
He said the 2 countries have handled border issues in the past.
Hosted by Singapore, the exercise was held on land at the now renamed "RSS Singapura - Changi Naval Base" and at a sea phase in the South China Sea.
India to see highest salary increase in Asia Pacific in 2017
Adani is the fastest growing energy company in Asia-Pacific and the second fastest in the world
Former RBI governor admits to being a 'greenhorn' as he started his stint at the central bank.
The Rupee is 3.7 per cent undervalued on trade related basis.
India's retail sector has benefited from the rapid growth in e-commerce
Costs on real estate construction are seeing stability.
In several areas, the Indian government has put out a model law.
US interest rate normalisation policy is likely to keep global FX markets volatile.
Modi is expected to address more than 18,000 people at the event, during which students from local schools will stage a series of cultural performances.
The Singapore Minister applauded Prime Minister Modi's effort to make India the manufacturing hub of the world.
The six satellites will be launched on PSLV-C29 from the Satish Dhawan Space Centre in Andhra Pradesh on December 16, 2015.
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