Singapore: The Singapore Manufacturing Federation (SMF), Singapore Infocomm Technology Federation, Singapore Precision Engineering & Technology Association and Singapore Industrial Automation Association recently inked a memorandum of understanding (MOU), witnessed by Mrs Josephine Teo, Minister, Prime Minister’s office, Second Minister for manpower and Second Minister for home affairs.
The four-way collaboration signifies the coming together of several trade associations to coordinate and help companies in their move towards digitalisation.
Mr Douglas Foo, SMF President, said: “The MOU marks the start of the Manufacturing Alliance, a collaboration to jointly develop and roll out initiatives to enhance the capabilities of the manufacturing industry, with a vision to transform it towards higher level of digitalisation and productivity.”
At the ceremony, Mrs Teo also announced that “high impact, multi-trade associations and chambers (TACs) projects under the Local Enterprise and Association Development or LEAD programme can now be supported for up to 90 percent of the costs, up from the 70 percent that is usually granted. The Government has set aside S$100 million (US$73.5 million) to help trade associations and chambers drive enterprise and industry development.”