This book examines the growing economic relations between India and
Singapore which has culminated in a Free Trade Agreement, the
Comprehensive Economic Cooperation Agreement (CECA), signed by both
economies in June 2005. With greater convergence in strategic and
economic interests, India has begun to focus more towards the
Southeast Asian region to enhance economic linkages with the
region. Singapore was one of the earliest Southeast Asian economies
to spot the potential of India and actively promoted its own and
regional trade links with India. At the same time, with increasing
regional economic competition, Singapore showed interest in India
as an emerging market with a large human resource base and
opportunities for investment in India's infrastructure.
Using the information technology sector as a case study of the
India-Singapore 'alliance', the book examines the challenges that
India and Singapore have overcome in expanding their bilateral
trade. In the process, Singapore has become one of the top five
foreign investors in India. The CECA is important as it is the
first FTA that Singapore signed with a developing country and in
the context of the Association of Southeast Asian Nations, CECA
provided a blue print for India to conclude similar FTAs with other
This book provides a competitive analysis for intra-regional
foreign direct investment. Furthermore, it demonstrates that the
economic relationship between Singapore and India shows ways in
which both economies are attempting to meet the challenges of the
future. It will be of interest to scholars of international
business studies and cross-cultural management, international
trade, internationalrelations, information management and South and
Southeast Asian Stuides.
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