JTC to build 10 custom-built industrial space, with shared facilities this year
Senior Minister of State for Trade and Industry, Lee Yi Shyan, says JTC will be rolling out 10 custom-built industrial space, with shared facilities as a key feature.
This is to enhance the collective competitiveness of SMEs who are unable to invest in capital equipment.
He says companies in General Manufacturing, Electronics and Medical Technology will benefit.
Speaking during the Committee of Supply debate, Mr Lee says companies operating in JTC's new Food Hub, for instance, can utilise a shared integrated cold room warehouse.
Tenants in JTC's new Surface Engineering Hub can benefit from a centralised wastewater treatment plant.
He says such shared services will help companies save up to half a million dollars collectively on upfront capital expenditure and enjoy 10 to 20 per cent off their long-term operating costs.
Some shared services take a non-physical form.
For logistics companies operating out of JTC's upcoming Integrated Logistics Hub, Mr Lee says the shared IT management system will enable companies to schedule and monitor the flow of container movements within the depot, cutting down drivers' waiting time.
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