Promoting Knowledge-based Industrial Clusters
Among developing economies, Singapore has achieved one of the most impressive economic growth records in the last four and a half decades since the country’s political independence in 1965. Along with its rapid economic growth, Singapore has also achieved significant advancement in terms of technological capabilities. The nation's rapid economic progress is attributed to its continuous industrial restructuring and technological upgrading, a trend that is also reflected in JTC’s key thrusts.
JTC’s business units used to be grouped by development types, such as industrial and specialised parks. Since 2009, it has realigned by key clusters such as electronics, infocomm, media, aerospace, marine, clean technology, biomedical, chemicals, engineering and logistics.This reorganisation resulted from a strategic review to better position JTC for the future.
The new industrial clustering allows JTC to engage and appreciate cluster trends and customers requirements more deeply and holistically; and support its customers through targeted planning and infrastructural solutions customised for the individual clusters.
As the Singapore economy transforms itself for the future, JTC is also undergoing a transformation of its own. We see our role as that of an industrial infrastructure innovator. Hence, we are looking at developing innovative infrastructure solutions that not only optimise land use and address the challenges of environmental sustainability, but also provide a unique competitive advantage for industries in Singapore.
JTC will be launching several new industry-level infrastructure projects that will derive synergies from clustering complementary industry activities together. These include the Offshore Marine Centre, General Aviation Centre, MedTech Hub and the Surface Finishing Complex.