P&G opens $250m research and development centre in Biopolis
Published on Mar 28, 2014 11:10 AM
Consumer giant P&G unveiled its new $250 million research and development (R&D) centre in Singapore on Friday, giving a boost to the country's efforts to build its consumer businesses sector.
Deputy Prime Minister Tharman Shanmugaratnam noted that the centre was now the biggest private sector tenant in Biopolis. It is also one of Singapore's largest R&D centres.
"We aspire for Singapore to be a hub for top consumer companies like P&G to grow their global brands," Mr Tharman said at the unveiling of the centre.
He added that Singapore was investing in the consumer businesses industry because it provides opportunities for local businesses to grow by collaborating with global companies.
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