Precision engineering roadmap drives 10 future-ready projects

Singapore

A ROADMAP to transform Singapore's precision engineering sector and build more smart factories has helped kickstart 10 projects since its launch last October.

Three of these projects were started by multinational firms, three by large local enterprises and four by small and medium-sized enterprises (SMEs), said Minister for Trade and Industry (Industry) S Iswaran yesterday.

The precision engineering Industry Transformation Map (ITM) was rolled out in Budget 2016 as part of a S$4.5 billion package aimed at providing…