Up to 90% of Singapore's food supply is imported from overseas.
Recognising this over-reliance on an external source, the Agri-food and Veterinary Authority of Singapore (AVA) set up a food fund of $5 million in 2009 to help Singapore achieve self-sufficiency in food production.
In light of the significant number of projects the AVA has received, it announced today that this amount has been doubled to $10 million.
The AVA has so far accepted half of the 48 applications made for the food fund.
Minister for National Development Mah Bow Tan said that the key focus of the fund is to increase production of eggs, fish and vegetables.
In tandem with this, the AVA has awarded 12 out 22 applications to fish produce-related projects.
It also co-pays up to 70% for each project, and has set overall target to achieve for three key produce - 30% for eggs, 15% for fish and 10% for vegetables in 5 to 7 years.
Minister Mah was speaking at the sidelines of a visit to one of the beneficiaries-to-be, Seng Choon farm, a poultry farm whose application for funding has been approved.
Find out how a 23-year-old farm like Seng Choon employs agri-technology to meet its output and production targets.
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