POST Online Media Lite Edition



 

Singapore's 23 key industries to be grouped into 6 clusters

Staff Writer |
The next phase of Singapore's economic transformation will involve deepening linkages between complementary industries by grouping them into clusters, said Finance Minister Heng Swee Keat.


The aim is to position Singapore as a key node for technology, innovation and enterprise in Asia and around the world.

Now that all sector-specific road maps for key industries have been rolled out, the Government will group these 23 sectors into six clusters to maximise opportunities for collaboration, Mr Heng said at a media briefing on Wednesday (April 18).

The six clusters - each helmed by a minister and at least one private sector or union representative - will be unveiling plans in the coming months to promote innovation, deepen capabilities and encourage partnerships in the sectors under their purview.

The clusters are:

- Manufacturing (co-chaired by Senior Minister of State for Trade and Industry and National Development Koh Poh Koon; Amos Leong, president and chief executive of precision engineering firm Univac; and Ang Kay Chai, senior vice-president and general manager of GlobalFoundries Singapore)

- Built environment (co-chaired by Second Minister for National Development Desmond Lee and Lim Ming Yan, president and group chief executive officer of CapitaLand)

- Trade and connectivity (co-chaired by Senior Minister of State for Trade and Industry and National Development Koh Poh Koon and Wolfgang Baier, chief executive of regional beauty product distributor Luxasia Group)

- Essential domestic services (co-chaired by Senior Minister of State for Communications and Information and Health Chee Hong Tat and National Trades Union Congress president Mary Liew)

- Modern Services (co-chaired by Senior Minister of State for Finance and Law Indranee Rajah and Teo Lay Lim, Accenture's senior managing director, Asean and country managing director)

- Lifestyle (co-chaired by Senior Minister of State for Trade and Industry Sim Ann and Vincent Tan, managing director of Select Group and president of the Restaurant Association of Singapore)


What to read next

Singapore launches first LNG truck loading facility
Singapore economy grew 3.5% in H1
Singapore ranked world's top maritime capital