Debated in Parliament on 2 Nov 2020.
Mr Yip Hon Weng asked the Minister for Trade and Industry with COVID-19 restrictions on the inflow of foreign labour (a) what is the Ministry doing to drive companies towards automation in tandem with the Government's financial assistance schemes to transform the economy; and (b) whether the Ministry will work with companies to draw up a timeline to automate their operations to qualify for financial assistance.
The Government has a comprehensive range of grant, tax and loan support available to support companies in automation. This includes the Automation Support Package (ASP) and Productivity Solutions Grant (PSG).
Beyond financial support, facilitation and advisory services are available to help companies identify process re-engineering opportunities, match automation solutions to problem statements and implement solutions more effectively. Companies can turn to the e-Adviser for Government Assistance or any of our SME Centres for advice. For more complex projects, our agencies will work with businesses to chart out project milestones and timelines with the end-goal of supporting longer-term growth.
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