Oct 18, 2012

Singapore - S'pore making right moves in attracting investments: Rolls-Royce

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SINGAPORE: Rolls-Royce's Chief Scientific Officer Paul Stein said Singapore is making the right moves in attracting research and investments.

He said the British manufacturing firm sited its activities in the republic because its strategies align with the Singapore government's policies to stimulate innovation.

Mr Stein cited the country as an example of how to woo innovators at the annual Techventure conference -- a networking platform for technopreneurs and investors.

He added that Singapore's strong intellectual property protection regime is another reason why firms are drawn to invest here.

Deputy Prime Minister Teo Chee Hean launched the conference on Wednesday, and said Singapore's strategic location places it at the heart of innovation and transformation in Asia.

Mr Teo said: "We are home to companies from around the world, including the US and Europe, Japan, China and India. We can thus offer a window for which companies and entrepreneurs can understand and appreciate cultural similarities and differences in the region."

The Techventure conference is into its 16th year.

- CNA/lp

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