Launch of New Alliance to Help Manufacturers Expand into Southeast Asia03 Feb 2021
3 February 2021 marked an important milestone for Nusajaya Tech Park as it joined the Singapore Economic Development Board (EDB) and Enterprise Singapore (ESG) as its first partner site to support companies looking to expand their manufacturing footprint in both Singapore and Malaysia. Officially launched by Mr Chan Chun Sing, Singapore’s Minister for Trade and Industry at Bridge+ 79 Robinson Road, the event saw a turnout of close to 50 guests including industry partners and media.
The Southeast Asia Manufacturing Alliance (SMA) is a tripartite agreement between EDB, ESG and private sector partners to promote a network of industrial parks to manufacturers who are interested to invest in both Singapore and the region. Under a Collaboration Agreement signed with CapitaLand for Nusajaya Tech Park, companies which intend to invest in both Singapore and Nusajaya Tech Park will be eligible for benefits provided by CapitaLand, EDB and ESG, including:
- Differentiated tier of pricing for logistics services;
- Complimentary services, such as consultation on business set-up in Malaysia;
- Supplier identification and matching services;
- Facilitation and support for Industry 4.0 pilot implementation with Singapore solution providers; and
- Support for eligible innovation activities undertaken in Singapore.
Mr Manohar Khiatani, Senior Executive Director, CapitaLand Group and Chairman, Nusajaya Tech Park Sdn Bhd, said: “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.”