Major move to support SME growth

Yong Choon, CEO of Nutek, a Printed Circuit Board (PCB) Handling Equipment company that won 3 SME Growth Excellence awards.
Yong Choon, CEO of Nutek, a Printed Circuit Board (PCB) Handling Equipment company that won 3 SME Growth Excellence awards.PHOTO: ST FILE

About 10,700 industrial units and 540 industrial land leases will be consolidated under JTC Corporation in the first quarter of 2018, to better support the growth of small and medium-sized enterprises (SMEs).

These include industrial land and properties currently held under the Housing Board.

HDB's industrial estates are found in the central, east and north-east regions, while JTC's industrial estates are largely in the west.

Most of HDB's industrial tenants and lessees are micro-SMEs.

HDB and JTC have vowed to ensure minimal disruption to business for affected tenants and lessees, who will continue to be served by the same team of HDB officers. About 160 HDB officers will be transferred to JTC as part of the initiative.

Companies told The Straits Times that parking all public sector industrial properties under one agency will boost convenience and efficiency.

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A version of this article appeared in the print edition of The Straits Times on October 20, 2016, with the headline 'Major move to support SME growth'. Print Edition | Subscribe