The workplan was signed after a SSTIC meeting co-chaired by SSTIC by Associate Professor Koo Tsai Kee (left), Singapore's Minister of State for Defence and Sichuan Vice-Governor Huang Xiaoxiang (right). -- PHOTO: ST FILE PHOTO
SINGAPORE and Sichuan will jointly explore developing a high-tech innovation park in Chengdu, which will integrate modern manfuacturing, services and living into a key regional business hub.
The project will involve building of a 35-sq km development which was recently re-designated a new expansion area of a hi-tech zone in Chengdu, the capital city of Sichuan province.
The initiative was agreed at a meeting of the Singapore-Sichuan Trade and Investment Committee (SSTIC) held in Singapore on Monday.
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The project will focus on leveraging Singapore's strength in services, with the scope of work including conceptualising and positioning of the new park.
It is one of the key areas identified for joint collaboration in the SSTIC workplan for this year and next, with six other areas covering transport and logistics, education, F&B and retail, urban infrastructure, infocomm tecynology, banking and finance.
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The workplan was signed after a SSTIC meeting co-chaired by SSTIC by Associate Professor Koo Tsai Kee, Singapore's Minister of State for Defence and Sichuan Vice-Governor Huang Xiaoxiang. SSTIC Advisor Lim Swee Say, of the Prime Minister's Office, witnessed the signing.
Mr Huang is in Singapore with a delegation of 30 government officials and business representatives, including ChengduVice Mayor Bai Gang.
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Also signed was a collaboration agreement between NTUC LearningHub and Sichuan Tianrong Industries Co Ltd, a Chengdu-based vocational training company. Both will offer vocational courses for undergraduates, adult learners and corporate clients, marking NTUC's first foray into China.
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We are encouraged by the strong recovery in Singapore-Sichuan bilateral trade and investments in the first five months of this year - a growth of over 68 per cent in trade and about 18 per cent in our investments to Sichuan,' said Mr Lim. 'Building
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on this, we hope to achieve even more by continuing our focus on modern services.' Sichuan shows promising business potential with GDP reaching S$283.5 billion) in 2009, a growth of 14.5 per cent over 2008. This was 5.8 per cent higher than the average of 8.7 per cent for the whole of China, said a statement from IE Singapore on Monday.
