How Standard Chartered empowers SMEs with resources and insights to go global
By South China Morning Post
Summary
Topics Covered
- India's Semiconductor Boom Draws Foreign Ventures
- Zero Local Knowledge Demands Expert Navigators
- Global Banks Decode Local Cultures Swiftly
- Partners Prevent Costly Regulatory Pitfalls
- Banking Reliability Accelerates Market Entry
Full Transcript
The last 10 to 20 years things has been changing pretty fast. I think that caused a fear for actually people moving into the international scene. To get
[music] the right consultant is very important can save us a lot of time and [music] we can be more focused in what our core competency are.
I'm Siang Yong. I'm the managing director of total facility engineering or we call it TF.
We are focused in the clean room and also MEP in semiconductor. Two years ago we see a strong commitment from India governments making huge investments
[music] in semiconductor. That's why we make up our mind to venture into India.
But India is totally a new market for us. We have basically zero knowledge.
us. We have basically zero knowledge.
[music] We need to understand what are the authority requirements from taxation systems, incorporation, court procedures and things [music] like that. That's why
getting someone to know India's requirements well is very helpful.
My name is Sebastian here. Current role
right now is the theme head for Singapore. At the same time, I'm also
Singapore. At the same time, I'm also the global head of sales forme banking [music] uh international bank.
SCB one good thing is that we are international. Our global footprints
international. Our global footprints actually allow us to understand each of the culture [music] behavior that helps a lot of corporates who are intending to go region where we
can actually address and help them to navigate [music] this uh in the shortest period of time. I guess has been pretty big in most of the markets that we are
in. In fact, all businesses are majority
in. In fact, all businesses are majority coming from theme. The backbone of the economy itself should be well spotted with [music] financials solutions.
The most important thing is also working with a partner. Right.
>> I'm Roxy. I'm the heart of international business advisor for Southeast Asia in LTOS.
I would say LTS we are like shephers for international uh expansion.
So often we see a lot of clients. They
might roughly know where they want to go, but the market sometimes is unfamiliar and can be very risky. So we
work alongside with them to help them avoid costly mistakes.
TF like manymemes what they are missing is they are not sure about the local [music] regulations. We work with them
[music] regulations. We work with them to craft a very clear entry strategies and assign local [music] experts from our India team in each phase. But what
is crucial is the financial framework.
[music] If they are lacking a reliable banking partner, the project might often [music] become stall very quickly.
Out toss basically supports our international clients right [music] in terms of onboardings understanding the market natures itself and we as the partner in terms of their banking needs.
[music] It took us about 3 months to complete the entire process that is very fast. At the moment we [music] want to
fast. At the moment we [music] want to focus in Indian markets. Of course we also see potential [music] in uh other
markets like Vietnams and Indonesia. So
[music] when there's such opportunity arise, we will not hesitate to continue this [music] partnership to these uh new countries. We truthfully [music] wants
countries. We truthfully [music] wants to do the best for all this uh that's out there to serve their needs every single day. We are always [music] be
single day. We are always [music] be there for them.
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