'Tianjin Eco-city Assistance Programme' ('TAP Programme') for Singapore companies.

Singapore's boost for Tianjin Eco-city


 
TO ENCOURAGE more Singapore-based companies to participate in the Tianjin Eco-city, International Enterprise (IE) Singapore is offering a new 'Tianjin Eco-city Assistance Programme' ('TAP Programme') for Singapore companies.




Ms Grace Fu, Senior Minister of State (SMS) for National Development and Education and Vice Chairman of the Singapore-Tianjin Economic and Trade Council (STETC), announced this at the Sino-Singapore Tianjin Eco-city Investment Promotion Seminar organised by IE Singapore on Friday.



Singapore-based companies can now enjoy a grant of up to $150,000, to set up a physical presence in Eco-city, develop in-market expertise for key staff and penetrate the local market .



Located within the Tianjin Binhai New Area, Tianjin Eco-city has attracted some RMB 1.19 billion ($232 million) - making up 46 per cent of Eco-city's total commercial investments - from Singapore-based companies as of December 2010.



Apart from the investments, over $22 million worth of consulting projects have been awarded to about 20 Singapore-based companies since the Eco-city's establishment in April 2007. Key Singapore investors for the Eco-city include Pan Asia Water, PV World, Keppel District Heating & Cooling Systems and STSE Engineering Services.



From January - October 2010, bilateral trade between Singapore and Tianjin amounted to US$1.37 billion ($1.77 billion). During the same period, Singapore's actual foreign direct investments in Tianjin hit US$0.28 billion with 19 projects.

What are the eligibility criteria?


To qualify for support under the Tianjin Eco-city Assistance Programme, you must be a Singapore-based company with clear internationalisation plans, and have:

-An annual total business spending of at least S$250,000 over the past three years

-A minimum paid-up capital of S$50,000

-At least three managerial staff



Application for the Tianjin Eco-city Assistance Programme will be processed within 15 working days upon receipt of applicant company's completed application form together with the necessary supporting documents. To be part of this landmark project, take the first step:

-Visit the Advisory Centre, Level 10, Bugis Junction Office Tower

-Call the Customer Service Centre on 1800-IESPORE (1800-437 7673) or +65 6337 6628

-Make an online enquiry at www.iesingapore.com/contactus

-Register as an ieConnect member on www.iesingapore.com