Robotic automation key to Singapore's advanced manufacturing
SINGAPORE has identified advanced manufacturing as one of the key growth areas to maintain the country's standing in an increasingly competitive landscape.
Some S$3.2 billion has been set aside for advanced manufacturing and engineering under the Research, Innovation and Enterprise (RIE) 2020 plan, to encourage manufacturers to move out of their comfort zones and capitalise on new opportunities. Through this initiative, the government aims to spur on factories that are globally competitive, efficient and productive.
The next phase of this initiative will see people and robots working closely together across a gamut of industries. Many manufacturers in Asia have been quick to recognise this trend, making the region the world's strongest growth market for industrial robots. Singapore has been a key contributor to this growth, increasing its number of robot installations significantly …
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access
China’s better economic growth hides reasons to worry
In AI-copyright battle, an existential crisis emerges
Europe shows diversifying from China’s economy is hard to do