Water related industry

Recently at a dialogue session during Lee Kuan Yew Water Prize Ceremony, Singapore Minister Mentor Lee emphasized again the importance of water to Singapore. Although global water shortage issue is obvious, only certain countries such as island countries like Singapore will be more badly hit than other bigger countries which have more natural water supplies and resources such as China, India. Therefore, this gives more initiative to local water treatment companies like Hyflux, Boustead to do well in the field, main reason is that Singapore cannot afford to rely solely on water technology from overseas because importing foreign technology is expensive, while there is even a stronger demand locally, the cost of importing such technology will become even higher. Local water companies have a bigger mission on hand, than merely doing a good business.