SPEECH BY MR S ISWARAN, SENIOR MINISTER OF STATE FOR TRADE AND INDUSTRY AT INVENT SINGAPORE '09 CONFERENCE ON SATURDAY, 24 OCTOBER 2009, 9.40AM AT SINGAPORE MANAGEMENT UNIVERSITY, SCHOOL OF ACCOUNTANCY, NGEE ANN KONGSI AUDITORIUM

Innovation is essential for survival and success in our evolving economic environment.  Its importance is drawn into sharper focus particularly at a time when there is much emphasis on cost reduction and efficiency measures, and companies endeavour to do more but with less.  In September this year, at the Summer Davos meeting of the World Economic Forum, Chinese Premier Wen Jia Bao spoke of the importance of making China a country of innovation.  He stressed that for China’s industries to transform and upgrade, breakthroughs in key technologies are vital[1]. 

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