How Singapore became the most attractive route for the flow of money in and out of India
Modern life is about miniaturisation. The stampede of dollars, pounds and pennies in and out of India has happened through an idyllic patch of land called Mauritius, which is about 1,865 sq. km. But the same activity is now happening at a faster pace through a smaller speck of land called Singapore, which is only 687 sq. km.
Some companies may try to choose Singapore merely because of its tax exemption status, or as a conduit to route investment flows into, and out of, India. But that will not be as easy or convenient as in the case of Mauritius because of LOB clauses both India and Singapore have agreed upon.
(This story appears in the 23 October, 2009 issue of Forbes India. To visit our Archives, click here.)