http://www.businesstimes.com.sg/sub/news/story/0,4574,456322,00.html?
Published September 15, 2011
EDB, Stanchart out to woo Indian firms
THE charm offensive on Indian companies has begun. Representatives from the Economic Development Board and Standard Chartered Bank are in New Delhi to coax more Indian companies to grow their business here. The delegation will highlight the Republic's range of free trade agreements, its over 50 comprehensive Double Taxation Avoidance Agreements, and strength in intellectual property laws to the Indians.
Standard Chartered will stress its network and experience in Singapore as one reason why it is able to help grow these corporates' Singaporean offshoots. It foresees the number of Indian companies banking with its Singapore branch to grow in the 'double digits' over five years.
Indian companies in Singapore number over 4,000 today. They have increased in number in the manufacturing, logistics, education and information technology sector. Said Dinesh Khanna, regional head of transaction banking in South Asia, Standard Chartered: 'Indian corporates are today looking out for growth opportunities and this is where Standard Chartered's strength of network and partnership with organisations like EDB comes in.'
Published September 15, 2011
EDB, Stanchart out to woo Indian firms
THE charm offensive on Indian companies has begun. Representatives from the Economic Development Board and Standard Chartered Bank are in New Delhi to coax more Indian companies to grow their business here. The delegation will highlight the Republic's range of free trade agreements, its over 50 comprehensive Double Taxation Avoidance Agreements, and strength in intellectual property laws to the Indians.
Standard Chartered will stress its network and experience in Singapore as one reason why it is able to help grow these corporates' Singaporean offshoots. It foresees the number of Indian companies banking with its Singapore branch to grow in the 'double digits' over five years.
Indian companies in Singapore number over 4,000 today. They have increased in number in the manufacturing, logistics, education and information technology sector. Said Dinesh Khanna, regional head of transaction banking in South Asia, Standard Chartered: 'Indian corporates are today looking out for growth opportunities and this is where Standard Chartered's strength of network and partnership with organisations like EDB comes in.'
