Today we’re going to talk all about being a modern farmer in Singapore.
Armed with technology from Israel that has turned strips of deserts into fruit orchards, our guest from today is Netatech Group, which is known for building farms and growing some of the most commonly eaten vegetables in Singapore including Nai bai, Kailan and water spinach.
Unlike traditional farms, Netatech uses drip irrigation to water its crops, saving costs, labour and improving yields. The firm says it is also the first company to introduce drip irrigation into skyrise greeneries and urban farms in Singapore.
But besides building farms and growing vegetables, a good part of Netatech’s business involves providing high-tech farming solutions, such as urban irrigation and stormwater management to industry players.
So how exactly does the company define the space it is in right now? Also, to what extent will the company need to export its farming solutions overseas, in countries such as Thailand, to achieve economies of scale?
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian posed these questions to David Tan, Group CEO, Netatech Group.