ECT_Rep - Q&A - Voluntary Suspension, page-39

ECT is nothing like TSN or IOR

TSN for example is in the financial services industry doing business in a country where those services are cheap as.

Your uneducated view on corruption might have had some credibility if Modi wasn’t returned to power with a majority, he has been stamping out corruption these past 5 years and it has changed that country dramatically.
ECT is basically dealing with 2 government entities where corruption no longer exists and in a space where growth is at the bottom of the J-curve, steel production is estimated to increase dramatically over the next 10 years plus.

And you are confused over that well known fact of yours re Singapore, you can sign off agreements anywhere you like. Singapore is the preferred jurisdiction for any arbitration which is usually the clause written into a binding contract between companies of different origins in this region.