British naval military dockyards and electronic workshops were converted and transformed into commercial start-ups and civilian businesses (e.g., Sembawang Naval Base).
Industrial estates were developed around Singapore, which housed the operations of a mix of multinational and local companies. Singaporeans working in these estates were responsible for made-in-Singapore products such as Setron televisions and Rollei cameras that became household names, recognised locally and abroad for their quality.
As the industrialisation programme expanded, the Singapore Economic Development Board focused its efforts on investment promotion and industrial development. In 1968, the Singapore Government established two entities: Jurong Town Corporation, which took over the responsibility of industrial estate development; and the Development Bank of Singapore, which specialised in industrial financing.