Pradhan sees ASEAN enterprises exploiting opportunities in South Asia
Indian businesses, now working on a global scale reaping from brighter prospects, are heading for listing on Mumbai bourses, given that Indian stocks and shares are being rated among the best performance equities in the world https://www.nseindia.com/.
Quick-commerce unicorn, Zepto, and fintech firm Pine Labs are among some of these companies that have successfully shifted their holding company from Singapore to India, said experts at a Singapore-based legal group that helps companies going global to navigate through the fast changing global regulations and regimes as well as tax structures https://www.bseindia.com/.
“Indian stock exchanges are one of the best as valuations are extremely high,” said Vikna Rajah of his market trend observation as co-head of South Asia desk at Rajah & Tann Singapore (R&T), one of the largest law firms that handled the two Indian-origin Zepto and Pine Labs move to Mumbai.
“The Indian stock market is one of the strongest stock markets in the world for value creation,” Press Trust of India quoted Rajah as saying on 10 Sept.
“It is interesting to see prospering cross-border businesses and higher entrepreneurial spirits between Indian and global markets, especially in line with New Delhi’s ‘Act East’ drive focused on South East Asia and the Far East,” noted Avinash Pradhan, the other co-head of R&T’s South Asia desk https://sbi.com.in/.
“We have deep understanding and expertise to help structure business through legal processes between India and global markets,” underscored Rajah, who is one of the over 1,000 legal experts at R&T working across Southeast Asia and China – combined markets of over 2 billion people of consumers and producers of globally competitive products http://sgx.com.
Pradhan sees increasing participation by Indian businesses in the region as well as ASEAN enterprises exploiting opportunities in South Asia’s largest economy that is fast shaping up to be the world’s third largest trading hub. This is a new bilateral trend between India, also a market of over 1.4 billion people and businesses aspiring to be part of global economies.
“These Indian businesses are coming fully prepared backed by their country’s law firms already well versed with negotiating trade and commerce legalities in the growing complexity of dealings amidst fast changing tax structures and the accelerated pace of technology adoptions globally,” noted Pradhan, a lawyer of over 15 years.
Following India-China’s fairly recent “friendship” move, Pradhan believes opportunities will increase considering the technology skills of the Indians http://commerce.gov.in.
Given the increasing multilateral and bilateral Free Trade Agreement (FTA) trends, there is a possibility of a similar freer trade pact between India-China in the coming years, according to market monitoring analysts in the Far East.
India and China are working on long-term economic prospects in a way to manage the emerging Asian dominance in global supply chain, especially reaching out to new markets and helping develop the African continent, said the analysts http://english.sse.com.cn.
“Trade policy makers in every country are working on market strategies, and we expect officials in Beijing and New Delhi as well as capital cities of ASEAN to exploit export-oriented opportunities,” said a source, highlighting that “such the business-focused strategies are in progress as it is going to be the Asian century”.
“We see mega changes in thinking and working of the Indian-Chinese businesses in the coming years,” the analysts said.
Brazil, Russia, India, China and South Africa as well as a growing number of nations jopining the BRICS group as members, are seeking new global trade order that will likely be strongly led by the Chinese advanced technologies with monetary support and infrastructure funding while India has ever growing large pool of technology talent to upscale skills in newly emerging markets, they said.
Singapore is already hosting an estimated 9,000 Indian companies, some with offices in Hong Kong, Tokyo, Seoul and a number of Chinese trading cities – Beijing and Shanghai.
The Association of South East Asian Nations (ASEAN), a grouping of 10-nation markets with a 630-million population, is a crucial trading partner for India, accounting for 11 percent of its global trade, with bilateral trade reaching US$122.67 billion during 2023-24, according to published data in the Indian media. Fiinews.com
