EDB, ESG reveal Southeast Asia Manufacturing Alliance
It will give SMEs and suppliers connections to manufacturers in member industrial parks.
The Singapore Economic Development Board (EDB) and Enterprise Singapore (ESG) have unveiled the Southeast Asia Manufacturing Alliance (SMA), a tripartite agreement between EDB, ESG, and private sector partners that would promote industrial parks to manufacturers keen on investing in Singapore and the region.
Launched by Minister for Trade and Industry Chan Chung Sing, the SMA’s first three strategic partners are real estate giant CapitaLand, urban developer Sembcorp Development, and investment holding company Gallant Venture. The strategic partners have collectively operated 15 industrial parks across Malaysia, Vietnam, and Indonesia.
The SMA would also provide small and medium-sized enterprises and suppliers based in Singapore with connections to manufacturers in member industrial parks.
“The SMA will make it easier for manufacturers to learn about the advantages and strengths of the participating industrial parks and their respective ecosystems, and simplify the process for companies to establish their operations there,” EDB chairman Beh Swan Gin said.