| 48. |
We
have set up a $45 million Domestic Sector
Productivity Fund to help industries like
retail and construction upgrade their productivity
and competitiveness. These sectors lag significantly
behind the developed countries in productivity.
Administered by SPRING Singapore, the DSP
Fund will co-fund industry-wide projects to
catalyse improvements in business strategies,
operations and practices. The aim is to encourage
domestic industries to exploit economies of
scale, adopt new technologies, and improve
inter-organisational efficiency through standardisation. |
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