Singapore – land of new opportunities
Delegation from Laser & Engineering Technologies Cluster (LITEK) visited Singapore on 2th – 7th of April, 2017. The aim of the visit was to gain knowledge about existing obstacles for the trade in high-tech products between Singapore and Europe in general and in photonics and health tech products in particular. Efforts were made not only to explore opportunities to open new markets for members of LITEK, but also to look for the products offered by Singapore that could be beneficial to companies of Europe.
During the visit, was acquainted with economic development strategy, business culture and market needs of Singapore and other ASEAN countries in the region. Also were visited international exhibitions – MTA 2017, Asia Health 2017, business conference “Manufacturing Technology Asia 2017”. „Manufacturing Technology Asia 2017“ is the biggest event of its kind in Southeast Asia, presenting the latest achievements in manufacturing technologies for precision manufacturing, 3D printing, automation in fields of effective management of production. According to manager of LITEK cluster J. Paužolis, representatives of LITEK were pleasantly surprised by the fact that practically all observed processes and technologies are already being developed or implemented in LITEK companies.
During this mission was also visited Photonics institute of Nanjango Technology University, established contacts with “Lux Consortium” Cluster and discussed the possibilities of cooperation. Delegation of LITEK was able to establish contacts with Andy Lim, Lithuanian Honorary Consul in Singapore, and discuss the possibility encouragement of companies to use Singapore to enter the Chinese and other Southeast Asian markets in the region.
Representatives of LITEK sought to find the recipe of successful growth of Singapore which could be adapted in Lithuania for rapid economic development. First of all – it is a hard-working and intelligent people, convenient geographical location (sea freight transhipment station) and the state approach to the investment significance for the science and technology develompent. Singapore and Lithuania have some similarities – we just need to use them.
