Singapore must position itself as an innovation-led economy: Iswaran

Singapore

IT has never been easier for companies with innovative products, services, and business models to reach global markets - but a key question is how Singapore can position itself as an innovation-led economy, said Minister for Trade and Industry (Industry) S Iswaran on Tuesday.

To that end, the government is embarking on industry transformation maps for more than 20 sectors, with productivity being an "important dimension" in each of these. After all, productivity will be "the key basis of growth" going forward, said Mr Iswaran.