Singapore: A promising metal hub

Singapore has all the factors that are essential to complement the roaring metals and minerals trade, it will be a compelling hub for mineral industry players concentrating on the region, said Rikvin Consultancy, a corporate service agency, based on its analysis. Rikvin's comments comes on the side lines of the recently held Iron Ore Summit in Singapore and Rikvin's recent publication - of a guide to setup a trading company in Singapore– on its website.
According to Rikvin, Singapore's growing position as a regional and global trading hub for the iron and steel industry - with 41 companies as of 2009, is a sign that the trade is gathering a critical mass. The trading companies manage a wide array of their commercial activities apart from marketing and trading. The well developed financial sector aids the companies to gain synergies in terms of trade financing, and insurance. The presence of world class logistic services helps them to effortlessly manage their shipping and logistic activities. Apart from the well integrated ecosystem that helps the industry players there are several other unique factors that will continue to complement the traders in Singapore.
Satish Bakhda of Rikvin Consultancy spells out certain unique traits of Singapore that will open up opportunities for metals and mineral traders who choose to setup their regional base in Singapore.
To read the complete article, please visit: www.rikvin.com/business-setup/ singapore-trading-industy-guide/.
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