LIUP

AcronymDefinition
LIUPLocal Industry Upgrading Programme (Singapore)
References in periodicals archive ?
And third, in 1993 the government launched a vendor development program similar to Singapore's LIUP. As with the HRDF, the vendor development program was relatively successful, especially in connecting Bumiputera-owned supplier firms with protected, large, Malay-owned conglomerates--often those established under HiCom.
Singaporean firms regionalize outwards under a formula that resembles the LIUP scheme: they move across the border as subcontractors of MNCs and GLCs.
Presently, the criteria used to qualify SMEs for the LIUP are stringent.