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Standard Chartered Bank has partnered with the Economic Development Board of Singapore to help its Indian clients expand in Asia by leveraging Singapore as a hub. “While Singapore-India trade continues to grow, Singapore provides companies many advantages as a global-Asia hub,” said Mr Sumit Aggarwal, Head, Transaction Banking, Singapore, Standard Chartered Bank. “Standard Chartered's strong footprint in both Singapore and India gives us a natural advantage to provide companies with strategic advice and the financial solutions to leverage opportunities in both countries.”
Over the past nine years, the number of Indian companies in Singapore has grown to over 4,000, constituting the largest foreign business community in Singapore. Singapore is also the top destination for Indian overseas investments with growth across various sectors including manufacturing, logistics, education and information technology.
“We are delighted to partner Standard Chartered Bank in reaching out to Indian companies looking to expand their businesses internationally,” said Mr Lee Eng Keat, International Director, Asia Pacific, Singapore Economic Development Board. “Singapore presents to these companies a unique offering as a springboard for them to internationalise. We believe that Standard Chartered Bank's presence in India will help us widen our network and engage Indian enterprises on a deeper level.”
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