Singapore manufacturing 2030 vision

In 2020, the global economy is facing severe challenges, while Singapore's manufacturing industry, like a beacon of the national economy, has become an important driving force for Singapore's current and future economic growth. Against the background of the global epidemic, Singapore's manufacturing industry bucked the trend and grew for six consecutive months from July to December 2020, with an annual growth rate of 7.3%, the highest since 2017. In 2020, the contribution of the manufacturing industry to the domestic GDP was about S $106 billion, accounting for 21%, while providing about 12% of jobs.
According to Singapore's Ministry of trade and industry, manufacturing expansion is mainly due to the growth of biomedical manufacturing, electronics and precision engineering industries. Data show that the output value of Singapore's biomedical manufacturing industry has increased by 23.7% in 2020 compared with that in 2019. In addition, due to the higher output of semiconductor equipment, measuring equipment, optical instruments and metal precision components, the precision industry also increased by 10.6% compared with 2019.
As for the development of manufacturing industry in the next 10 years, Singapore has also scientifically planned and issued the "vision 2030 of manufacturing industry", which is committed to building Singapore into a global business, innovation and talent center of advanced manufacturing industry in 2030. With the growth rate of the past 10 years as the goal, Singapore will continue to strive for 50% growth in the next 10 years, while ensuring that the contribution of manufacturing industry to Singapore's GDP remains unchanged About 20%.
"Vision 2030 of manufacturing industry" is the goal of promoting the transformation of traditional manufacturing industry to advanced manufacturing industry, which focuses on the investment in intellectual property rights and the development of "unique technologies and products". The Singapore government will focus on investment in advanced manufacturing infrastructure, building a strong research ecosystem and supporting enterprises to adopt industry 4.0 transformation to promote the development of this field.
In addition, the Southeast Asia Manufacturing Alliance also announced its establishment in Singapore recently. The alliance is looking forward to providing "Singapore + 1" strategy for international and Singapore manufacturing enterprises interested in expanding the regional market in Southeast Asia, building industrial park network and promoting the development of global diversified supply chain. The establishment of the alliance will also strongly promote the realization of "vision 2030 of manufacturing industry".
In order to realize the "vision 2030 of manufacturing industry", Singapore is also committed to attracting world-class investors and local companies to invest in the manufacturing field, so as to consolidate Singapore's position as a key node in the global value chain.
An important manufacturing base for world class enterprises
Over the years, Singapore's strong intellectual property protection policy, stable business environment and pro business policy have attracted many of the world's leading manufacturing companies to consolidate and develop their businesses, especially in the fields of electronics, semiconductors and chemical industry. In 2020, the Singapore Economic Development Council will attract a total of S $17.2 billion in fixed asset investment, the highest in 12 years, with the electronics and chemical industries accounting for 37.7% and 24% respectively.
The electronics industry is Singapore's largest manufacturing sub sector, employing about 70500 employees, accounting for 39% of manufacturing GDP. As a result, Singapore has gradually become an important manufacturing base for many large semiconductor companies in the world, such as micron, Broadcom, Infineon and global foundries.
In January 2020, Infineon (Singapore) and micron technology (Singapore) industrial 4.0 plants were selected into the World Economic Forum Global 54 "lighthouse factories" list. These two world leading factories have achieved higher productivity and revenue by virtue of their digital production workshop and intelligent factory technology. As the most advanced factories in the world, they set an example for the industry.
In order to meet the needs of the semiconductor and electronic industry and consolidate the talent advantage of Singapore's manufacturing industry, in January 2021, the Singapore semiconductor industry association and government agencies jointly launched a series of talent recruitment plans, including enhancing students' understanding of the semiconductor field, sharing key industry trends and successful cases, so as to attract more young people to join this field and continuously work for the future This development of global enterprises transport semiconductor industry talents.
Biomedical manufacturing is one of the key directions for the development of Singapore's manufacturing industry. At the same time, the Singapore government has been vigorously supporting the ecosystem development of advanced manufacturing industry, such as the establishment of Jurong innovation District, which gathers top advanced manufacturing enterprises to create a mutually supportive ecosystem and drive the growth of surrounding industries.
Illumina, a well-known US biotech company, has set up its manufacturing facilities in Jurong Innovation Zone. The company settled in Singapore in 2008. Now Singapore is its largest manufacturing base in the world, mainly producing microarray bead chips and core sequencing consumables for genome sequencing technology.
The progress of manufacturing enterprises and the development of Singapore complement each other. Singapore has provided favorable development conditions and talent support for enterprise development, while manufacturing enterprises have also cultivated professional talents for Singapore to promote the innovation of R & D system.
Chen Zhensheng, Minister of Singapore's Ministry of trade and industry, once stressed: "take Illumina as an example, it has attracted talents from all over the world and trained local talents, contributing to promoting China's R & D ecosystem. This will help build a strong talent team in China to compete with the world's top talents. "
In the future, Singapore will continue to improve its manufacturing ecosystem to meet the needs of enterprises for innovation, connectivity and infrastructure, and help them strengthen their competitiveness in Singapore and around the world.
Booming local manufacturing enterprises
For a long time, Singapore has been vigorously supporting the development of local manufacturing enterprises, helping them to take the lead in the industry through such projects as the "scale up SG" launched by the Singapore Enterprise Development Council. Strong local enterprises will further promote the improvement and growth of Singapore's manufacturing ecosystem.