SINGAPORE, Dec. 3 (Xinhua) -- The Singapore government said on Thursday that it is pre-positioning Singapore's economy as 30 percent of Singapore's electronics output will come from green electronics, bioelectronics, plastic electronics and security by 2020.
According to local TV broadcaster Channel NewsAsia, Singapore's Economic Development Board (EDB) said that electronics industry has been a key pillar of Singapore's economy. But with more competition, the country has been looking at new ways to help the sector evolve and move up the value chain.
Currently, green electronics, bioelectronics, plastic electronics and security account for just 10 percent of Singapore's electronics output. But EDB expects that figure to triple to 30 percent in just a decade.
The EDB sees the electronics sector as a strategic growth enabler for other industries. It said electronics often drive demand in the logistics, chemicals and precision engineering industries. This will also enhance capabilities in other sectors such as avionics, medical technology and clean energy.
Source: xinhuanet.com/
No comments:
Post a Comment