, Singapore
247 views

Gov't to increase partnerships between SMEs, international aerospace firms

The government is backing small and medium-sized enterprises' global performance.

As part of its refreshed roadmap for advanced manufacturing, Enterprise Singapore is set to raise partnerships between small and medium-sized enterprises (SMEs) and global aerospace companies.

Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat revealed this at the Industrial Transformation Asia-Pacific 2022 (ITAP) as he launched a revamped Industry Transformation Maps (ITM), which will benefit sectors of advanced manufacturing and trade segment.

"EnterpriseSG will support SMEs in developing new capabilities and technological know-how," read the speech.

One of the examples cited was the Smart Manufacturing Joint Lab (SMJL), which is a collaboration between A*STAR, Rolls-Royce, and Singapore Aero Engine Services Pte Ltd (SAESL).

With this collaboration, about 100 businesses were involved in the co-creation and development of new manufacturing and repair technologies.

"Such partnerships have allowed SMEs to acquire new capabilities and build their track records, with some being qualified as suppliers to global aerospace companies," read the statement.

Enterprise Singapore will also drive start-ups and SMEs in emerging areas such as  Unmanned Aircraft Systems (UAS), smart MRO, and airport technologies.

Likewise, the government is seeking to invest in the talent of aerospace, which is considered an attractive employer in the market.

"The ITM will focus on investing in the talent pipeline, including reskilling and upskilling our workers to seize opportunities," read the statement.

Follow the link s for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!