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News

New Industry-Led Alliances Created to Pursue Growth, Generate New Jobs in Seven Key Areas

Fabian Koh, The Straits Times
20.6.2020

Partnerships between industry players and the Government - will aim to rapidly prototype new ideas in a bid to grow the country's economy.

SINGAPORE - Industry-led coalitions have been formed in seven key growth areas such as robotics and environmental sustainability, to devise ideas for projects and generate new jobs,said Deputy Prime Minister Heng Swee Keat on Saturday (June 20).

These Singapore Together Alliances for Action - partnerships between industry players and the Government - will aim to rapidly prototype new ideas in a bid to grow the country's economy.

They were set up by the Emerging Stronger Task Force, which the Government convened in May to help Singapore seize new opportunities in the aftermath of the coronavirus pandemic.

Addressing the nation in the sixth and final televised broadcast on Singapore's post-Covid-19 future, Mr Heng noted that the task force is "consulting widely, and involving people from a wide spectrum of society while putting ideas into action quickly".

On the industry-led alliances, he said these will explore and execute new ideas in the coming months in seven areas: robotics, e-commerce, environmental sustainability, digitalisation of supply chains and the built environment, education technology as well as enabling safe travel and tourism.

"The key is speed and agility. Successful projects will become new shoots of growth, and generate new jobs," he said.

The alliances will generate ideas in a three-month period, and share preliminary results and next steps later this year.

The task force will then determine which ideas and focus areas can be scaled up.

Elaborating on the seven growth areas, the task force said digitalisation has been a key thrust of industry transformation blueprints under the Future Economy Council's Built Environment (BE) Cluster.

It noted that the Covid-19 crisis has increased collaboration across all parts of the BE value chain. There is thus an opportunity to raise productivity by speeding up digitalisation in areas from concept and design, to construction and site management, and facilities management.

The second alliance will look at education technology.

The adoption of such technology has been accelerated by the pandemic, from home-based learning to online professional education and training. "This is an opportunity for Singapore to take our education and human capital brand global," said the task force.

Read the full story on The Straits Times

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