Govt will help SMEs build innovative capacity: Chan : vimars

Govt will help SMEs build innovative capacity: Chan


The Straits Times
Firms need to innovate their offerings to meet customers' changing needs and stay relevant, says minister
Workers in the manufacturing control room at Sanwa Plastic's factory in Woodlands yesterday. On a visit to the factory yesterday, Minister for Trade and Industry Chan Chun Sing described the various government initiatives and schemes available for SMEs, like Sanwa, to build their capacity to innovate and ride the next wave of growth. ST PHOTO: LIM YAOHUI
During a virtual press conference at the factory yesterday, Mr Chan said that government support will now be focused on encouraging local manufacturers to make innovative products, innovate their production processes, access larger offshore markets and develop the local talent base.ST PHOTO: LIM YAOHUI

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