Sectors Covered under Industry Transformation Programme
Ministry of Trade and IndustrySpeakers
Summary
This question concerns the sectors covered under the $4.5 billion Industry Transformation Programme and the specific support measures available for qualifying companies. Mr Zaqy Mohamad inquired about the identified industries and frameworks, to which Minister for Trade and Industry (Industry) S Iswaran replied that 23 Industry Transformation Maps (ITMs) will cover sectors representing 80% of GDP. These maps integrate initiatives for productivity, skills, and technology adoption through partnerships with industry associations and unions. Using precision engineering as an example, the Minister highlighted measures like automation and job redesign to transition companies toward higher value-added manufacturing.
Transcript
38 Mr Zaqy Mohamad asked the Minister for Trade and Industry (Industry) (a) what are the identified sectors to be covered under the $4.5 billion Industry Transformation Programme; and (b) what are the sector-specific measures to help qualifying companies in the identified sectors.
Mr S Iswaran: As part of the $4.5 billion Industry Transformation Programme (ITP), the Government will develop individual Industry Transformation Maps (ITMs) for 23 sectors. They include both domestically-oriented sectors, such as construction, healthcare, food services and retail, as well as outward-oriented sectors, such as hotels, logistics, food manufacturing and precision engineering. These sectors account for about 80% of gross domestic product.
Each ITM will comprise a growth and competitiveness plan and will integrate existing sector-specific initiatives and schemes. These include programmes to upgrade productivity, develop skills, promote technology adoption and innovation, and help companies expand overseas. Each ITM will be developed and implemented in partnership with companies, industry associations, business chambers and unions.
Let me use precision engineering (PE) as an example. The productivity roadmap for the sector promotes automation, process improvement and job redesign among PE companies. At the same time, the Precision Engineering Vocational Continuing Education and Training programme will develop a pipeline of skilled craftsmen to support the shift to higher value-added manufacturing. In the longer term, we also aim to seize growth opportunities afforded by technologies, such as additive manufacturing and advanced robotics. The Singapore Precision Engineering and Technology Association and the Singapore Manufacturing Federation are partnering the Government in refining and implementing these initiatives.
Collectively, ITMs are important opportunities for the Government and industry to work together and maximise the benefit for companies. The plans will be refined over time in response to external developments and trends as well as the needs of companies in each sector.