
A grant budget of about 90 million Singapore dollars (65.8 million U.S. dollars) will be set aside over the next five years to develop industries through the Local Enterprise and Association Development (LEAD) program, said International Enterprise (IE) Singapore and SPRING Singapore in a joint release on Tuesday.
The new budget is a 20 percent increase from the 75 million Singapore dollars (54.8 million dollars) set aside for the program in 2011, according to the joint release.
The LEAD program will support Trade Associations and Chambers (TACs) to undertake projects that will drive industry transformation for evolving sectorial needs, which aims to improve productivity, innovation, capability-upgrading and internationalization.
Singapore's Minister for Trade and Industry (Industry) S Iswaran said that the government will continue to support TACs' industry development efforts, and provide resources to help willing TACs strengthen their capabilities so that they can play a more proactive role in driving transformation at the industry level and fostering collaboration among members.
Since 2005, the LEAD program has supported 35 TACs in more than 180 industry-upgrading projects, totaling 120 million Singapore dollars (87.7 million U.S. dollars) in grant and benefiting over 40,000 enterprises.
GMT 22:27 2017 Saturday ,01 July
UN initiative sign Global Co-operationGMT 20:45 2017 Wednesday ,22 February
SpiceJet says India's $85 billion plane orders still not enoughGMT 18:46 2017 Monday ,20 February
Singapore set for modest fiscal push as growth risks aboundGMT 21:33 2017 Tuesday ,14 February
Singapore expects tourism slowing after record arrivals in 2016GMT 00:32 2017 Tuesday ,03 January
Singapore Acts Tough For Its Squeaky Clean Image

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor