Food and Agribusiness

Singapore announces SGD 30 million investment in agri-food industry

Singapore on Wednesday announced a 30-million Singapore dollar investment in the agri-food industry to speed up the production of commonly consumed food items like eggs, vegetables and fish during the coronavirus crisis. Called the 30×30 Express grant, it aims to strengthen Singapore’s food security, as part of its goal of meeting 30 per cent of the country’s nutritional needs with food produced locally by 2030. The grant call will enable the government to crowdsource and support ideas from the agri-food industry to develop innovative approaches to grow food productively and sustainably. Local farmers can use the grant to help defray the cost of accelerating production capacity within the next six to 24 months. This includes co-funding of productivity-enhancing technology systems.

Read more at Outlook

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