Prime Minister Narendra Modi on Wednesday met US Vice President Mike Pence in Singapore where the two leaders discussed various bilateral issues concerning the two countries.

"PM Narendra Modi had a warm meeting with VP of United States Michael Pence in Singapore. Productive discussion on all aspects of global strategic partnership based on growing convergence of interests on regional and global issues," MEA spokesperson Raveesh Kumar said.

"The discussions between PM Modi and US Vice-President touched both upon bilateral relations and regional and international issues. Vice President Pence acknowledged that India had made progress economically. He felt India is a positive factor in regional and international relations," Foreign Secretary Vijay Gokhale said.

Modi began his two-day visit to Singapore Wednesday by addressing the Fintech Festival, the world's largest event on financial technology. Modi became the first world leader to address the festival which was launched in 2016 and is in its third edition.

Modi met Pence on the sidelines of East Asia Summit.

Last week, the White House had said that Pence would attend the US-ASEAN Summit and the East Asia Summit in Singapore, representing the country at the request of President Donald Trump. Generally, the summit is attended by US President.

National Security Advisor (NSA) Ajit Doval and his US counterpart John Bolton were also present at the meeting.

During his visit, Modi will attend the East Asia Summit, an ASEAN-India informal meet, the Regional Comprehensive Economic Partnership summit and hold meetings with global leaders, including US Vice President Mike Pence.

Before leaving for Singapore, Modi said in New Delhi that his participation in the ASEAN-India and East Asia summits symbolised India's "continued commitment" to strengthen its engagement with ASEAN members and with the wider Indo-Pacific region.

Modi also said he was confident that his visit to Singapore would impart fresh momentum to New Delhi's growing partnership with ASEAN and East Asia Summit nations.

India and Singapore are working to connect Indian and ASEAN small and medium enterprises, anchored on an Indian platform, and expand it globally, Modi said in his address on Wednesday.

The Association of Southeast Asian Nations (ASEAN) is a regional intergovernmental organisation comprising ten Southeast Asian countries, which promotes intergovernmental cooperation and facilitates economic, political, security, military, educational, and sociocultural integration among its members and other Asian states.