Abstract
ABSTRACT This paper aims to examine the process of overseas investments by Singapore government linked companies (GLCs) in India which is an emerging market for Singapore investors. The “Look East” policy instituted by the Indian government after its 1991 Economic Crisis has found convergence with the Regionalization policy implemented by the Singapore government to create an external economic wing. The policy of regionalization would also assist in the expansion of GLCs overseas and prevent the marginalization of small and medium enterprises (SMEs) in the Singapore economy. This convergence of policy making creates synergy for more economic collaboration between both economies. Using India as a case study, this paper aims to illustrate that the motives behind state capitalism as practiced by the Singapore government is different from the common norm of state owned enterprises (SOEs).
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