Hungarian business delegation explores opportunities in Singapore’s health industry

Budapest (MTI) – A delegation of Hungarian businesspeople visited Singapore between Aug. 28 and Sept. 1 to explore possible partnerships in health care, medical technologies and biotechnology, the economy ministry said on Thursday.

R+D+I in Singapore’s biotechnology sector and opportunities for Hungarian companies with innovative medical technologies wishing to enter the local market were also matters of interest, the ministry said in a statement.

The delegation led by state secretary István Lepsényi held successful talks with government officials and representatives of institutions and companies in the health industry.

They also held talks in the Ministry of Industry and Trade, where they also discussed electro-mobility and industrial opportunities related to the driverless car sector.

The delegation also visited the Hungarian stand at the 2016 Medical Fair Asia. Singapore’s minister for industry and trade also visited the stand.

S Iswaran welcomed Hungary’s more active presence in Singapore’s innovative sectors as well as broadening technology transfers between the two countries.

Addressing a health industry and business conference, Lepsényi said that Singapore is one of the world’s most competitive countries, with 6,000 researchers working there. It is also among the largest incubator hubs, he said. This is why Hungary seeks to build partnerships with Singapore in the new, innovative areas of the health economy, such as medical IT and bio-technology, Lepsényi said.

Singapore is Hungary’s main economic partner in South East Asia within the ASEAN in terms of trading volume and investments, the ministry said.

Source: MTI