AS the Chinese idiom goes, "Wei yu chou mou" ("Prepare for a rainy day"). Given Singapore's land scarcity, we cannot accommodate large-scale traditional agriculture for food production; hence our heavy reliance on imported food. It is thus timely that we plan ahead to ensure a sustainable food supply through self-sufficiency and progressively reduce dependence on imports. To achieve the target, it is important to:
Create a conducive ecosystem that includes government support, community's acceptance towards embracing agri-tech, and expertise in multiple disciplines such as science, technology, engineering, agriculture and finance.
Leverage on R&D and new technologies such as Internet of Things, robotics, automation and sensors to establish high-tech controlled environments and derive optimum factors for food production. This will ensure a consistent yield, as well as increase climate resilience and food quality.
Focus on the self-production of selected food items.
With increased spotlight on and advancements in agriculture technologies, Singapore can harness opportunities in the agri-tech industry, and develop sustainable solutions that can meet both domestic and global food needs for generations to come. This promising industry will help create jobs and add economic value as well. At Excelpoint, we have also identified smart agriculture as one of our key focus areas, and we are working closely with our partners to develop value-added solutions to address food sustainability issues.