Germany and Singapore are natural partners in innovation. The talent and inventiveness of our people is the main source of wealth creation in both our countries.
Germany has the fourth largest economy in the world. We are so competitive, thanks to a strong focus on exports and global networking, as well as – most importantly – the great innovativeness of our predominantly small and medium-sized companies, many of which are world market leaders in their respective fields. Germany invests around 80 billion euros (S$120 billion) annually in research and development (R&D) and many companies are well on the way to “Industrie 4.0”, a project focused in particular on digitalisation in production engineering and logistics.
With its outstanding R&D infrastructure and a strong focus on innovation, Singapore is the perfect location for highly innovative German companies. More than 1,500 German companies have chosen Singapore as their hub in Asia. I am pleased that an increasing number of businesses partner universities and polytechnics in Singapore to further foster innovation, be it in the fields of energy eciency, urban mobility or “Industrie 4.0”. We aim to enhance the existing R&D partnerships between our countries and further deepen our collaboration.
I would thus like to congratulate The Peak for publishing “Forward Germany”, focusing on our long-standing tradition of innovation.
The Singaporean- German Chamber of Industry and Commerce (SGC) enhances bilateral economic relations between Singapore and Germany by facilitating the sharing of valuable knowledge and expertise between
In addition, the SGC also supports Singaporean and German companies wishing to expand their businesses in either country, with advice and a wide range of services relating to investment and market opportunities. This is made possible through the chamber’s excellent collaborations with Singaporean and German trade and business associations, government bodies and agencies.As leaders in technological advancements and the much-talked-about topic of “Industrie 4.0”, German companies have already brought in many innovative solutions to Singapore. The SGC is proud to be part of these developments – to date, it has organised two Industrie 4.0 conferences, with two more to come on Smart Logistics and Cyber Security respectively, in the following months. This will further contribute towards Singapore’s Smart Nation initiative introduced in 2014 to strengthen the country’s spirit of technological innovation. I am optimistic that 2017 will be a year where even stronger cohesion among Singapore and German businesses will be fostered. With “Forward Germany”, I hope that greater awareness of and admiration for German technologies will be garnered.