Referring to areas such as port, power and road infrastructure, Minister in the Prime Minister’s Office, Second Minister for Home Affairs and Second Minister for Trade and Industry, Mr S. Iswaran told the audience at the Singapore-India Business Dialogue held at SMU: "Access to finance is a key ingredient of success for projects and the businesses involved." He added that Singapore stands to gain from recent reforms allowing Indian firms more flexibility in tapping capital markets overseas, especially as the new government is keen on building infrastructure. Mr Iswaran also noted that some Indian firms have already raised equity capital through business trust listings on the Singapore Exchange (SGX) while Tata Group has issued Singapore dollar denominated debt.