On 21st October 2017, Trade and Industry Minister Mr. Lim Hng declared industry transformation map for energy and chemical industry. The industry transformation map was created by a multi-organization group alongside industry accomplices and trade associations traces systems went for changing the business into an internationally aggressive and chemicals center point.
Fast growth in technology causes quality chain over enterprises while making new potential outcomes and openings, Mr. Lim stated over increasing demand for cleaner fuels. The energy and chemical industry relied upon to accomplish an assembling esteem include of S$12.7 billion and present 1,400 new occupations by 2025 through the ITM efforts. The ITM eyes on improvement by utilizing innovation to change its present chemicals fabricating. The progressive manufacturing innovations help companies to be more viable by conquering the area and raising profitability.
The ITM consists of the objective set for around 20 plants like petrochemical plants to receive propelled fabricating advancements by 2020. The industry will enhance into the higher esteem to grab the development opening in the area. The Government will support those organization who willing to innovate solution with its partners. The industry transformation map goes for 20 application advancement to be extended by 2025, which will increase business consumption on innovative work. The ITM was driven on the sidelines of the tenth release of the Singapore Chemical Industry Experience event. Sorted out by the Singapore Chemical Industry Council, the yearly occasion intends to bring issues to the light of profession openings in the business among tertiary understudies.