The Inland Revenue Authority of Singapore, which stands for IRAS, has benefitted the manufacturing industries through their Productivity Innovation and Credit grant scheme. The PIC grant emerged in the market of Singapore in the year 2010. Many manufacturing industries have taken this path to enhance their productivity and profit while competing in the international market as well. They specialize in E-commerce, web design, customer relationship management and content management as well.
Individuals, businesses, property owners and GST are mainly prospering from PIC Grant. The various scheme that it provides are –
The following are some of the ways in which PIC Grant 2014 can prosper the manufacturing industries.
There are many consultants who have helped many manufacturing industries by providing them consultations. As PIC Grant Singapore took birth in the market, many PIC Grant Consultants linked their connectivity with the manufacturing industries to double their productivity. They give free assessment in approval case-by-case, check software and equipment qualifying for PIC, training qualifying for PIC cash payouts.