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JTC Corporation

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JTC Corporation
Agency overview
Formed1 June 1968; 56 years ago (1968-06-01)
Preceding agency
  • Jurong Town Corporation
HeadquartersThe JTC Summit, 8 Jurong Town Hall Road, Singapore 609434
Agency executives
  • Tan Chong Meng, Chairman
  • Tan Boon Khai, CEO[1]
Parent agencyMinistry of Trade and Industry
Websitewww.jtc.gov.sg
Agency IDT08GB0025A
The JTC Summit

JTC Corporation (JTC), formerly the Jurong Town Corporation, is a statutory board under Singapore's Ministry of Trade and Industry that champions sustainable industrial development. It master-plans clean, green and smart estates to create attractive destinations for Singapore's talent and communities. The agency also drives innovations in the building and infrastructure sector.

History

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Established on 1 June 1968 as the Jurong Town Corporation, JTC oversaw the development of Singapore's first industrial estate, and the launch of Singapore's industrialisation drive. The bulk of the agency's mission was focused on the development of the Jurong Industrial Estate.[2] To do this, JTC developed Jurong holistically, to encourage Singaporeans to move in, work and raise their families there. A large Town Centre was built, complete with shops and facilities, and a drive-in cinema. The first childcare centre and first hawker centre were both set up in Jurong. As part of Singapore's Garden City campaign, JTC also planned Jurong Park, that comprised the Chinese and Japanese Gardens, which are set to be the centrepiece of the Jurong Lake District today.

As Singapore's industrialisation took off, JTC's portfolio expanded beyond Jurong Town, where it built and managed industrial estates and flatted factories all over Singapore, such as Toa Payoh, Sembawang, Changi and Kranji. As Singapore's economy developed over the years, JTC provided new infrastructure to support Singapore's industries. When Singapore transitioned to a more knowledge-based and technology-intensive economy, JTC developed the Science Park, one-north and CleanTech Park to support hi-tech R&D sectors.[3] Other notable projects by the agency include International Business Park, Changi Business Park, Jurong Island, Seletar Aerospace Park, and Singapore's four wafer fabrication parks.

Projects

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In 2016, it was announced that JTC is planning and developing a new Jurong Innovation District (JID), envisioned as the industrial park of the future.[4] The 600-hectare district is set to become a one-stop advanced manufacturing campus housing an ecosystem of Research and Development (R&D) institutes, technology, and training providers, as well as advanced manufacturing itself.[5] In 2018, JTC unveiled the plan for the 50-hectare mixed-use Punggol Digital District (PDD) that will support the growth of the digital economy.[6] Opening in phases from 2023, PDD expects to create up to 28,000 digital economy jobs.[7]

In February 2020, JTC announced that it will be revamping the 500-hectare Sungei Kadut industrial estate, one of the oldest industrial estates in Singapore, to support the transformation of traditional manufacturing industries as well as new growth sectors in agri-tech and environmental technologies. The estate will be developed progressively over the next 20 to 30 years, creating space for businesses in the timber, furniture, construction, and waste management industries.[8] A key feature of the revamp is the development of an 18-hectare Agri-Food Innovation Park, that will unite R&D, prototyping and high-tech operations such as vertical farming and aquaculture hatcheries.[9]

Having built up a strong base of engineering capabilities, JTC was appointed by the Singapore Government to be a Centre of Excellence for Building & Infrastructure and Underground Caverns,[10] where it uses its expertise to support other government organizations in their projects, optimize scarce engineering resources, and invest in R&D to build cutting-edge engineering expertise.[11]

Aside from developing the physical space, JTC works towards strengthening collaborations within business communities in its estates to create new business opportunities.[12] It also emphasizes on striking a balance between the economic and environmental aspect in its developmental approach, where it has been progressively adopting renewable energy sources, and smart systems that optimize resource utilization.[13] JTC had also announced a number of initiatives inviting its industry partners to contribute towards making estates greener.[14]

Industrial and Business Parks

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Specialized Industrial Park

Business Park

See also

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References

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  1. ^ "LTA to get new chief executive, leadership changes at JTC and SLA announced". CNA. 6 August 2020. Archived from the original on 10 August 2020. Retrieved 10 October 2020.
  2. ^ "Speech by JTC Chairman Dr Loo Choon Yong at JTC's 50th Anniversary Dinner on 25 May 2018". www.jtc.gov.sg.
  3. ^ Singapore, Prime Minister's Office (May 16, 2018). "PMO | PM Lee Hsien Loong at the JTC 50th Anniversary Dinner". Prime Minister's Office Singapore.
  4. ^ "Singapore Budget 2016: Jurong Innovation District to be set up; first phase ready by around 2022". The Straits Times. Mar 24, 2016.
  5. ^ "Advanced manufacturing hub at Jurong Innovation District". JTC website for JID.
  6. ^ "About the Punggol Digital District". JTC website for PDD.
  7. ^ "Masterplan for 'digital district' in Punggol North launched; area to generate up to 28,000 tech jobs". The Straits Times. Jan 21, 2018.
  8. ^ "High-rise industrial facilities, agri-tech park feature in revamped Sungei Kadut industrial estate". The Straits Times. Feb 6, 2020.
  9. ^ "Businesses at Sungei Kadut Eco-District". JTC website for SKED.
  10. ^ "Speech for Senior Minister of State, Ministry of Trade and Industry, Mr Chee Hong Tat, at the Time Capsule Installation Ceremony and the Launch of JTC's Green Pledge & Climate Action Goals, 1 June 2018, Friday, 10.35AM". www.jtc.gov.sg.
  11. ^ "Media Factsheet - Engineering Centres of Excellence" (PDF). www.dsta.gov.sg. April 13, 2016.
  12. ^ "JTC goes beyond landlord role to play matchmaker". The Straits Times. Oct 22, 2019.
  13. ^ "Singapore Meets Its 2020 Solar Deployment Target". www.jtc.gov.sg. April 22, 2020.
  14. ^ "Companies raise over S$500,000 towards planting of 30,000 trees on Jurong Island". The Business Times. Nov 2, 2019.
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