SMa President's 4th AGM Speech - Singapore Manufacturing ...

Meanwhile, with the support of Council I will be putting together a committee tofind suitable premises location and to decide on how SMa can fund this newpremises which will hopefully house all our activities under 1 roof.In the new SMa premises, we will be looking at setting up an incubation centrefor small businesses with funding from EDB’s LEAD programme where we will beproviding local SMEs and manufacturing start ups with subsidized office spaceto jumpstart their businesses. There will also be space for SME manufacturersfrom developed economies like Germany, Switzerland, Austria, USA, Denmark,etc. This is in support of EDB’s initiative to accelerate the growth of Singaporestart-up companies and to attract foreign SMEs to Singapore so that themanufacturing sector will double its manufacturing output to $300 billion by 2018and create more than 15,000 new manufacturing jobs every year up to 2018.Included in SMa’s new premises will be a Regional Centre for OccupationalSafety and Health Training with support and funding from the Ministry ofManpower and also a WSQ training centre supported and funded by theSingapore Workforce Development Agency (WDA) to provide skill developmenttraining for some 30,000 to 40,000 Professionals, Managers, Executives &Technicians (PMETs) in Singapore.I have taken some pains to report activities last year and provide a sketch of thefuture SMa and the load the Council and Secretariat will have to carry for the12