Singapore to raise its aviation productivity and promote local firms
2012 05 30
- Details
THE Civil Aviation Authority of Singapore (CAAS) has expanded the scope of the programmes to assist local companies to enhance their competitiveness, productivity and increase access to new markets and business opportunities.
Under its Aviation Development Fund (ADF), with the enhancement of the Aviation Innovation Programme (AIP) and the addition of the Aviation Promotion Programme (AProP), CAAS will enable the sustained, long-term growth of the local aviation industry, said a statement from the authority.
The programmes were announced by Transport Minister Lui Tuck Yew at the Aviation Community Reception (ACR), held at the Red Dot Design Museum.
Said CAAS director general Yap Ong Heng: "The global aviation landscape is increasingly marked by challenges, demands and pressures, requiring aviation companies to stay ahead in the highly competitive environment. The two initiatives launched today under the Aviation Development Fund will provide platforms for aviation companies in Singapore to grow their businesses and keep Singapore at the forefront of aviation."
AProP is the fourth initiative under the ADF1 with a budget of S$5 million (US$3.9 million) from April 2012 until April 2015.
"Open to Singapore-registered companies, organisations and industry trade associations, AProP aims to strengthen the Singapore aviation brand and help Singapore companies to expand their reach in international markets and their access to business opportunities. The AProp will assist Singapore companies to showcase their products and services at major international trade shows. Singapore companies will be encouraged to exhibit under a Singapore Pavilion, contributing to enhancing our position as a comprehensive aviation hub. AProP will also encourage the adoption of international best practices at the cluster level by supporting business missions, study trips and consultancy studies by Singapore companies, organisations and industry trade associations," said the CAAS statement.
The AIP has also been expanded to boost productivity of the Singapore aviation industry. Launched in 2010 with a budget of S$25 million over five years, the AIP seeks to encourage organisations to embark on innovative projects, initially to develop new or enhanced capabilities.
With its enhanced scope, the AIP will now also support companies embarking on projects geared towards achieving transformative productivity goals, ie, significant and sustainable productivity gains of at least 20 per cent.
"These can include process re-engineering, the adoption of new technologies and the development of new tools to increase operational efficiency. The programme continues to be open to all Singapore-registered companies and organisations and those with a presence in Singapore; including institutes of higher learning and research centres," said the statement.
In 2011, along with CAAS efforts to bolster the aviation industry's productivity, the authority launched the Process Innovation Challenge to encourage aviation companies to implement "quick win" projects to improve their productivity. The top eight projects received funding of up to S$50,000 each. These companies will now share their projects via various industry platforms, including a productivity in aviation seminar in July to facilitate intra-industry learning and accelerate the adoption of productivity improvement initiatives across the aviation sector in Singapore, said the statement.
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