Singapore has welcomed India's signing of a peace accord with the United Liberation Front of Assam (ULFA) and said it will anchor peace in the region and give a big boost to foreign investors like Singapore to move into the Northeast.

Singapore High Commissioner to India Simon Wong posted on X: "We are happy to see the historic tripartite peace pact signed amongst ULFA, GOI and the Govt of Assam. This will anchor peace in the region and give a big boost to foreign investors like Singapore to move into the Northeast."

Also Read: ULFA signs peace deal with Centre & Assam Govt; Amit Shah calls it the beginning of peace in Northeast

The Centre and the Assam government signed a 'tripartite Memorandum of Settlement' with the United Liberation Front of Assam (ULFA) in the presence of Union Home Minister Amit Shah on Friday.

The deal is intended to bring lasting peace in the North East region, especially in Assam.

Meanwhile, the ULFA (Independent) faction led by Paresh Baruah remains opposed to talks.

Speaking after signing the deal, the Union Home Minister said, "This is a new start of a period of peace for the whole Northeast, especially Assam."

"I want to assure ULFA representatives that the faith you have kept in the government of India, from the side of the Ministry of Home Affairs(MHA), a programme will be made in a time-bound manner to fulfill everything, without you asking for it," Shah said.

Assam Chief Minister Himanta Biswa Sarma who was also present called the peace deal a historic day for Assam.

"During Prime Minister Narendra Modi's tenure and under the guidance of Union Home Minister Amit Shah work for Assam's peace was always underway" he added.

The Chief Minister said three accords have been signed and the move will fulfill the aspirations of the people of the state.

The peace deal with the oldest insurgent group of Assam aims to address issues such as illegal immigration, land rights for indigenous communities, and a financial package for Assam's development.