The SiTF thinks that the government incentives to encourage sustainable development will make green technology affordable and provide impetus to companies that want to adopt sustainable technology. "This will accelerate the adoption of green technologies in Singapore and enable companies to explore alternative markets for growth," said Ms Tan.

"To further bolster the economy, we urge the government to invest in ICT infrastructure and projects, and support companies to adopt infocomm technologies to reduce costs and to increase efficiency," she added.

"We look forward to more details on some of the initiatives mentioned, such as Singapore Media Fusion Fund, and the enhanced capability development and internationalisation schemes," said the SiTF chairman.