ABSTRACT
The Singapore developmental state with the assistance of its governmentlinked companies (GLCs) (big business) and Temasek Holdings implemented a strategic economic engagement policy with India. Given the difficult business environment in India in implementing regionalization strategy, Singapore GLCs focused their attention on specific states and sectors where conditions were more favorable toward foreign investments and collaboration. To foster its own MNCs, the Singapore government had used the flagship investment strategy to encourage its GLCs and small and medium enterprises (SMEs) to venture overseas and create an external economic wing for Singapore. Using its strengths in infrastructure development, Singapore used the Bangalore IT Park (ITPB) as its flagship investment project. Using a consortium approach because of the size of the project, the ITPB was built and provided India with a platform to market its human capital potential to foreign IT companies.
