New 18ha innovation park for agri-tech sector

Singapore

FOOD and agri-technology is a new growth sector and potential export industry that Singapore is exploring, with a new 18 hectare innovation park in Sungei Kadut, Senior Minister of State for Trade and Industry Koh Poh Koon said in his ministry's Committee of Supply on Monday.

Noting that the food and agri-tech sector is a US$5 trillion global industry, Dr Koh said: "Our good innovation climate, our strong talent base, reputation for food safety and strategic location position us very well to capture a slice of this industry, particularly here in Asia." The vision is for Singapore to be an urban agriculture and aquaculture technology hub "with a food production model that can be exported to the region".