Future Economy Committee subgroup to canvass widely for views

Members from the sub-committee on Future Growth Industries and Markets including Minister for Trade and Industry (Industry) S Iswaran (third from left).
Members from the sub-committee on Future Growth Industries and Markets including Minister for Trade and Industry (Industry) S Iswaran (third from left).PHOTO: MINISTRY FOR TRADE AND INDUSTRY
The Future Growth Industries and Markets aims to identify which future growth industries offer good opportunities.
The Future Growth Industries and Markets aims to identify which future growth industries offer good opportunities. ST PHOTO: LIM YAOHUI

SINGAPORE - At its first meeting on Wednesday (Feb 3), the Future Economy Committee's sub-group on Future Growth Industries and Markets has said it will canvass widely for views on how different sectors can collaborate to compete.

"This sub-committee aims to identify which future growth industries and markets offer good opportunities by playing to Singapore's strengths, some building on what we have developed over the past 50 years and others requiring new capabilities and skills for a sustainable competitive advantage," said Mr S Iswaran, Minister for Trade and Industry (Industry) in a statement.

"The scope of work is broad, and we will canvass widely for views. The subcommittee includes a good number of business leaders from diverse fields with different perspectives. We also invite Singaporeans, academics, companies, and trade associations and chambers to share their ideas and thoughts with us," said Mr Iswaran, who co-chairs the sub-committe together with Mr Jean-Luc Butel, senior advisor at McKinsey.

Committee members noted that one of Singapore's key advantages was the ability to facilitate collaboration across different industries, and partnership between government and industry to create opportunities for growth.

The meeting also discussed the potential for Singapore to serve as a test-bed to develop solutions for global problems, and the need to develop an entrepreneurial mindset.

Over the next few months, the Future Economy Committee will meet and engage stakeholders across the business community, as well as Singaporeans, young and old, to garner more views and ideas, it said.

marilee@sph.com.sg