Remarks by Mr Manohar Khiatani, Senior Executive Director, CapitaLand Group, at the Launch of the Southeast Asia Manufacturing Alliance
Remarks by Mr Manohar Khiatani, Senior Executive Director, CapitaLand Group
Wednesday, 3 February 2021, 10.30am – 11.30am, at Bridge+ 79 Robinson Road
Mr Chan Chun Sing, Minister for Trade and Industry
Dr Beh Swan Gin, Economic Development Board
Mr Png Cheong Boon, Enterprise Singapore
Members of the media
Friends and partners,
A very good morning!
It is my pleasure to welcome you here at CapitaLand’s newly opened Bridge+ at 79 Robinson Road for the Southeast Asia Manufacturing Alliance (SMA) signing ceremony.
Today’s event marks an important milestone for Nusajaya Tech Park, or “NTP” in short. Against a backdrop of growing manufacturing activities in the 2010s, NTP was conceptualised as an integrated tech park to support companies which were looking to twin their business operations in Singapore and Malaysia. The project broke ground in Iskandar Malaysia, Johor, in 2014 with both the Singapore and Malaysian governments strongly supporting it.
Spanning a land area of 210 hectares and located just 14 kilometres from Singapore via the Malaysia-Singapore Second Link, NTP offers companies the best of both countries. This enables companies to position their full value chain of business and manufacturing functions across Singapore and Iskandar Malaysia to capitalise on their respective complementary strengths.
NTP has since attracted an international community of more than 20 multinational corporations, such as GKN Aerospace (from the UK), SternMaid (from the Germany), I-PEX (from Japan), Bureau Veritas (from France), Paris Baguette (from Korea), and most recently Edmund Optics (from the US). Singaporean companies such as Santak and NGK Machine Tools have also successfully set up operations at NTP. An ecosystem around key growth industries such as automotive electronics, precision engineering, aerospace and food is evolving.
Recent trade tensions and the pandemic have underlined the importance of resilient and diversified supply chains and heightened the need for regional cooperation. Against this backdrop, manufacturing companies can leverage the strengths of Singapore and Malaysia by operating in an established site like NTP, with a proven track record of hosting industrial twinning activities.
CapitaLand is therefore pleased to collaborate with EDB and ESG as the first Strategic Partner of SMA, with NTP coming onboard as the first partner site. The collaboration will see all parties offer benefits to companies that fulfil the criteria when they invest in both NTP and in Singapore. These include grants, business matching and facilitation as well as company set-up and incorporation.
Today, over 85 per cent of NTP’s tenants already have a presence in both countries. Under the auspices of SMA, we are confident that NTP will be even better placed to support the needs of manufacturing companies looking to twin their business operations in Singapore and Malaysia.
Given CapitaLand’s extensive network and experience in real estate, we are well placed to support our customers as they expand in the region and beyond.
We would like to thank MTI, our partners EDB and ESG for their support and trust in CapitaLand. We are confident that the SMA, combined with the locational advantages of NTP, will bring about benefits for companies and more opportunities and investments to both Singapore and Malaysia.
Thank you.
“CapitaLand is delighted to be the first SMA Strategic Partner to formalise its Collaboration Agreement with EDB and ESG. Given its close proximity to Singapore as well as its quality offerings, Nusajaya Tech Park serves as an ideal base for companies seeking to enjoy the complementary strengths of Singapore and Malaysia. Today, over 85% of Nusajaya Tech Park’s tenants already have a presence in both countries. Under the auspices of the SMA, we are confident that the Park will be even better placed to support the needs of more manufacturing companies looking to twin their business operations in Singapore and Malaysia.”
-Mr Manohar Khiatani, Senior Executive Director, CapitaLand Group
| To find out how you can benefit from the SMA in Malaysia, contact daniel.chew@capitaland.com. |