Why are Singapore manufacturers moving to India?

Singapore is well-known for being an easy place to do business. Among the factors that play to the city-state’s advantage is an attractive tax system, an extensive network of tax treaties, ready availability of quality human capital, geopolitical stability, accessibility to financing, connectivity to the rest of the world, and good infrastructure.

Singapore also has a significant Indian diaspora, and it is therefore no surprise many Indian businesses have established bases in Singapore. According to the Indian High Commission in Singapore, about 9,000 Indian companies are registered in Singapore.