Budget 2024 – Helping local firms to level up
22/02/2024
* Many Singapore companies grow rapidly by partnering with MNCs based locally.
* To date, the PACT scheme (Partnerships for Capability Transformation) has been set in place to facilitate such collaborations.
-In the coming months, this scheme will be enhanced to further support partnerships in these areas, specifically in capability training, internationalisation, and corporate venturing.
* By doing so, it’s hoped that more firms will be able to plug into global supply chains and be more competitive in markets abroad.
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