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To be global manufacturing hub, Singapore firms need deep capabilities: Iswaran

Singapore

TO FULFIL Singapore's vision of becoming a leading global manufacturing hub, its companies will have to develop deep capabilities and go into international markets, Minister for Trade and Industry (Industry) S. Iswaran has said.

Manufacturing is expected to remain a significant pillar of the economy and continue contributing 20 per cent of Singapore's gross domestic product, even as the sector faces global competition and disruptive tech trends, he said.

The minister was speaking to reporters ahead of his visit to the Hannover Messe, the world's largest industrial technology trade show, which opened on Monday and ends on Friday in Hannover, Germany.

Each edition of the Hannover Messe attracts...

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