Singapore is making a major push to develop the local space industry.
Minister in the Prime Minister’s Office and Second Minister for Trade and Industry S Iswaran announced the setting up of the Office for Space Technology and Industry (OSTIn) to oversee the development of Singapore’s local space industry.
The new program office is set up under the Economic Development Board (EDB) – includes government agencies such as the Agency for Science Technology and Research (A*STAR), Ministry of Defence (MINDEF), Ministry of Education (MOE), Ministry of Foreign Affairs (MFA), Ministry of Trade & Industry (MTI) and the National Research Foundation (NRF).
Speaking at the Global Space Technology Convention on Thursday, Mr Iswaran said the inter-agency office will plan and execute economic strategies to drive the growth of the local space industry.
The office will also work with various industry stakeholders to help them realise their satellite business and innovation initiatives from Singapore.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
