This extract is reproduced with permission:
“Don’t just jump to a country that just opened up and people say that this is a good place to go… Always ask yourself what’s your core competency, do you have a business model that’s sustainable, to be able to sell or provide services in the country that you want to go into.”
“To embark on mega projects requires a lot of manpower and people who can see the market, see the trend.” This is important because “our business requires us to understand the trends… We don’t want to bring the wrong industry to a country because the country may not be ready for that”.
To avoid industry mismatches, …Sembcorp Development works with the local government of the host city or country to identify which industries they want to attract to the industrial park.
Read more from Enterprise Singapore’s Success Stories.
Credit: Enterprise Singapore and Singapore Press Holdings (first published on The Straits Times)