India grants special access to Singapore firms
By agencies   |   Monday, 20 June 2005, 19:30 IST
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NEW DELHI: India Monday announced it was granting special economic access to Singapore, including higher investment limits in listed companies, a scrapping of duties on Singaporean imports and a local presence for the island state's leading banks. "India and Singapore have agreed on a new economic cooperation agreement easing barriers for trade between the two countries," Indian Trade Minister Kamal Nath said. He said Singapore's Temasek Holdings Pte. Ltd. and the Government of Singapore Investment Corp. would be allowed to hold up to 10 percent each in Indian listed firms under the new treaty.

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