Standard Chartered partners with EDB of Singapore

Standard Chartered Bank today announced collaboration with the Economic Development Board to attract Indian companies to Singapore.

Indian companies can benefit from Singapore's network of over 50 comprehensive Double Taxation Avoidance Agreements.

They will also gain from Singapore's many free trade agreements and the 35 Investment Guarantee Agreements, Standard Chartered Regional Head (Transaction Banking) South Asia Dinesh Khanna said.

Standard Chartered is well positioned to help Indian companies with their cross-border needs in Asia, leveraging Singapore as a hub, he said.

The bank has seen a strong growth in India-domiciled clients banking with it in Singapore as well as revenues from them, he said, adding, the segment is projected to grow in double digits over the next five years.