Singapore‘s Environmental industry gets boost E-mail
Thursday, July 16, 2009

Worth approximately S$1 trillion (US$600 billion) globally, the environmental industry has been
earmarked by Singapore as a strategic growth area to help the country diversify its economy. In early 2007, Singapore heralded its entry into the clean energy race as Prime Minister Lee Hsien Loong
announced a $170 million research fund for the industry. The Economic Development Board (EDB) soon
unveiled a more detailed $350 million blueprint - for research and development, testing and pilot projects in clean energy.

Singapore’s Greening Efforts Spells More Opportunity in Environment Technology
Singapore heralded its entry into the clean energy race as Prime Minister Lee Hsien Loong announced a
$170 million research fund for the industry.

Singapore‘s Environmental Technology (ET) industry received a double boost with the launch of the
Environmental and Water Technology Centre of Innovation (EWT COI) and the Environmental
Technology Capability Development Programme (EnviroTech CDP). Both initiatives, totaling up to $12
million, aim to strengthen local SMEs’ capabilities to develop breakthrough technologies in environmental
solutions and energy sustainability.
The 3 Memorandums of Understandings (MOUs) signed by Singapore with the Middle East on in June this
year is a testimony to Singapore’s excellence in this sector. As per the MOU, Singapore will offer expertise
in water distribution efficiency and water conservation as well as provide consultation in sanitary services
to Bahrain. Singapore will also co-develop technologies and capabilities in environmental protection and
water management with the United Arab Emirates (UAE). Thus Singapore encourages enterprises operating
in the evolving industry and companies operating out of Singapore can ride on the Republic’s brand value
in this niche industry.
Worth approximately S$1 trillion (US$600 billion) globally, the environmental industry has been
earmarked by Singapore as a strategic growth area to help the country diversify its economy. Extreme
weather patterns, mounting Fossil fuel prices, increasing green house gas emissions are pressing the
governments across the globe to step-up their greening efforts. Singapore, a highly urbanized city devoid of
natural resources is keen to create a self-sustaining, self-renewing model for environmental care.
Singapore’s well coordinated efforts to create a sustainable water management system, has culminated into
an exemplary model of integrated water management which is internationally acclaimed. Singapore's vision
is to become a "Global Hydrohub”, globally, the water market is booming, spurring a wave of R&D
activities, new products, investments and jobs. Many multinational companies such as GE and Siemens
have already set up or expanded their businesses and research activities here. Singapore is capitalizing on
its established brand-name in the field of water management by setting aside $330 million to grow the
water industry over the next five years.
In early 2007, Singapore heralded its entry into the clean energy race as Prime Minister Lee Hsien Loong
announced a $170 million research fund for the industry. The Economic Development Board (EDB) soon
unveiled a more detailed $350 million blueprint - for research and development, testing and pilot projects in
clean energy. To realize Singapore's ambition of becoming a major clean energy player, a Clean Energy
Programme Office (Cepo) was announced in March 2007. CEPO plans to grow the clean energy industry in
Singapore by focusing on cluster development, technology development and internationalization. In cluster
development, it already has in place measures to attract major international companies, groom local
companies to be world-class players, and to promote start-ups in this industry.
EDB is in the process of strengthening the country's branding globally in this industry and creating a
vibrant ecosystem by nurturing environmentally focused local companies, talent and research activities and
is also equally enthusiastic in attracting foreign enterprises, foreign talent, Research institutions and venture
capital companies that specialize in Environmental technology.
Ms. Ragini Dhanvantray CEO of Rikvin Consultancy says “With Sustainable development becoming an
international watchword, environmental technology is garnering more investment and growth. Singapore
rides on this emerging global trend to achieve new growth dimensions, the city state with nil resources has
evolved and is graduating to a fine model for successful adaptation of environmental technology and
standards globally, hence companies operating from here command great brand value. Moreover Asia is the
fastest growing market in environmental industry, therefore many companies choose Singapore to setup
shop and the government is also receptive to companies with such expertise”
Rikvin consultancy provides highly professional company incorporation services, both in attractive
standard packages as well as customized services. Online incorporation being a hallmark service, other
services of Rikvin include
• Offshore Incorporation
• Singapore Immigration -EntrePass / Employment Pass
• GST Registration
• Accounting Services
• Tax Planning & Consulting
• Business Plan Drafting
Rikvin consultancy started in 1995 is an incorporation specialist specializing in company incorporation,
registration and administration processing for all business types and sizes in Singapore and throughout the
world. For further information visit http:// www.rikvin.com

 
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