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Mr. Fehrenbach, Chairman of Robert Bosch,
Ambassador Jörg Ranau, Ambassador of the Federal Republic of Germany to Singapore,
Distinguished guests,
Ladies and gentlemen,
A very good morning,
I am pleased to join you today for the official opening of the Robert Bosch headquarters for South East Asia.
Two years ago, the Singapore Economic Development Board embarked on an “Urban Solutions” initiative. Working with partner agencies, platforms were created for companies to develop, test and showcase solutions in Singapore.
Let me elaborate on some of these platforms. In urban transport, our Land Transport Authority works closely with companies like IBM, Cisco and ST Electronics, to develop intelligent transport solutions such as traffic optimization and transport telematics. A multi-agency Electric Vehicle taskforce headed by the Energy Market Authority and the Land Transport Authority has also been created to develop and test electric vehicle technology in Singapore.
In green building technology, the Housing and Development Board will develop Punggol as an eco-town, using green technologies and capitalizing on its natural surroundings. Complementing this is Jurong Town Corporation’s 50 hectare Clean Tech Park, Singapore’s first eco-business park. The park will house clean technology research, innovation and commercialization activities. It will also serve as a test-bed for the development and application of clean technologies.
Our R&D in cutting-edge water technologies has drawn more than 70 leading water companies such as Siemens Water, GE Water and Nitto Denko to Singapore. Many of these companies have established R&D centers and tapped into Singapore’s “living laboratory”.
Bosch, I have been told, invests over 45% of its R&D budget in products that conserve resources and thus protect the environment. It also generates one-third of its sales from these eco-friendly products. Indeed, this very building that houses Bosch’s headquarters showcases the deployment of such cutting-edge, environmentally-friendly and energy-efficient technology. It will be Bosch’s home for several key Asia Pacific functions, including Corporate Research and Advanced Engineering. I am confident that there will many opportunities for Bosch and Singapore to collaborate on urban solutions.
Thank you.