SGTech Creating Avenues for Members with MOU Signing

SGTech successfully inked an MOU with Sino-Singapore (Chengdu) Innovation Park Development Co. Ltd (SSCIP) Partnership on Friday (Sept 14) as part of the 22 deals with Sichuan companies for greater access to western China across sectors including technology and innovation, education, lifestyle, logistics and tourism.

These memorandums of understanding (MOUs) were signed at the 19th Singapore-Sichuan Trade and Investment Committee (SSTIC) meeting in Chengdu.

(Representatives from 22 organizations, as well as government officials from Singapore and China present at the MOU signing. )

This MOU between SGTech and SSCIP allows both parties to forge a strategic collaboration that will focus on: 
(a) The promotion of the growth of Singapore-based tech start-ups in Chengdu; 
(b) Facilitating the collaboration between SGTech’s portfolio of tech companies and China companies for partnership and/or expansion in China; 
(c) To develop a talent pipeline to serve the tech sectors in Singapore and Chengdu through initiatives such as trade missions, conferences, workshops, talent placement.

(Minister Ng Chee Meng with Sichuan Governor Yin Li at the SSTIC. Photo Credits to Mr Ng’s Facebook Page)

"Singapore hopes to build a 'Singapore-Sichuan Innovation Corridor' with the province to encourage companies from both sides to collaborate on tech and innovation projects aimed at the Chinese and international markets." Minister in the Prime Minister's Office Ng Chee Meng said in a speech in Mandarin at the close of the meeting.

Mr Ng also said "Singapore is an ideal partner for Sichuan companies to expand regionally and offer services in areas related to trade connectivity, financing and professional services."
Singapore's total cumulative actual investments in Sichuan reached $9.35 billion, with 594 projects as at the end of December 2017.

Published Sep 18