Tuesday, March 14, 2006

Singapore on track to be Asia's infocomm industry leader

The Infomm Development Authority (IDA) is the heart of the new econmoy. It's vision and ideas for using knowledge, technology and communication is poised to make Singapore an innovation hub.

The IDA's International Advisory Panel says Singapore is well positioned to become Asia's infocomm industry leader.

Mr N.R. Narayana Murthy, Chairman and Chief Mentor of Infosys Technologies, says: "Singapore is in a unique place to leverage the hardware strength of China, and the software strength of India whereby Singapore can be the system integrator, and thereby enhance its per capita revenue productivity."

The other key advice that panel members highlighted is for Singapore to concentrate on core technologies instead of diversifying in too many areas, and for Singapore to upgrade its education system and create a business environment suited for start-ups.

The International experts identified three areas that can help Singapore create a competitive edge over its competitors. They are:
1- Exporter of technology
2- Trusted secure hub for regional disaster recovery
3- Outsourcing

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