ABSTRACT
In the process of overcoming the impediment of limited land and human resources, the Singapore government had to invest in new emerging economies such as China, Vietnam, and India.1 Then Singapore Prime Minister, Goh Chok Tong, said: “There is so much we can do in the region. Our problem is that our manpower resources are limited.”2 Former Prime Minister Goh explained that by establishing economic and investment linkages with other countries, Singapore could overcome its domestic manpower and resources constraints3 In turn, the late Indian Prime Minister Narasimha Rao replied that: “India looked toward Singapore as a vibrant and responsive partner which would be able to complement India’s economy.”4 India has an abundance of skilled and professional manpower resources on which Singapore leverages to expand its economic growth.5 India’s other resources such as land, minerals, and basic industry had the potential to complement Singapore’s own strengths in investment, management, and hightechnology industries.6 However, Singapore companies are not used to functioning in a business environment such as India where there is a lack of transparency, lack of governance in most areas, poor coordination among various ministries and departments, and a lack of infrastructure among other factors.
