Govt will help SMEs build innovative capacity to face post-pandemic challenges: Chan Chun Sing

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(The Straits Times)

The Government will support the growth of local manufacturers by helping them build their capacity to innovate and ride the next wave of growth, said Singapore’s Minister for Trade and Industry Mr Chan Chun Sing.

On a visit to Sanwa Plastic’s Woodland factory on Monday (Feb 8), Mr Chan said local companies need to look beyond price competitiveness and develop a niche for themselves so that they will not be easily displaced in the global supply chain.

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