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Singapore A Top Destination For Indian Investment

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Singapore has emerged as one of the top three locations attracting India's outbound investments during June 2013-May 2014 period.

Singapore has ranked third, accounting for 13.3 per cent of India's outbound investments during June 2013-May 2014 period, PWC Singapore Senior Partner Abhijit Ghosh said, quoting RBI data, in a presentation at Bengal Chamber.

Netherlands ranked first in the chart with 26.1 per cent, followed by Mauritius with 15.9 per cent of outbound investments.

Singapore ranked third during the period.

Ghosh said there has been growing interest among Indian companies for Singapore for its various advantages, including lower tax regime.

He said Singapore's corporate tax is at 17 per cent, one of the least in the world and with certain benefits, the effective rate works out to be as low as 4.5-5 per cent.

(PTI)


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