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Competition and regionalisation

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Chapter Summary

Increasing competition has compelled Singapore companies to venture overseas and explore emerging markets like China and India. In exploring business and investment opportunities overseas, a facet of state capitalism has seen the Singapore government implementing its economic regionalization policy. The two economic statutory boards in Singapore-the Economic Development Board (EDB) and the International Enterprises Singapore (IE Singapore)-were actively involved in the government's regionalisation drive. In its Trade and Investment Strategy for India, the Singapore Regional Discussion Panel for India recommended three broad strategies for India. To facilitate the private sectors' understanding of the Indian business environment, an India Business Group was established by the Singapore government. Network India essentially provides a platform to develop business linkages between companies that have an interest in the Indian market. India and Singapore was supported by political commitment.

Keywords: China; Economic Development Board (EDB); government's regionalisation; India; Indian business environment; International Enterprises Singapore (IE Singapore)



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