When Dr Goh Keng Swee launched JTC in 1968 to develop swamplands in Jurong into an industrial hub, he famously said that the project could end up as "Goh's Folly" if it failed.

Fifty years later, the agency, which is synonymous with Singapore's industrialisation, was held up yesterday by Prime Minister Lee Hsien Loong as a front runner and pathfinder in the country's development, and has constantly pushed boundaries and broken new ground.

JTC Corporation chairman Loo Choon Yong pledged that the agency will, among other things, continue to embrace ambitious visions and pursue sustainable development.

A time capsule containing such items as the late Dr Goh's speech will be placed on June 1 in JTC's first permanent headquarters at Jurong Town Hall. It will be opened during JTC's 75th anniversary.

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