Dr Goh Keng Swee was one of the most important first generation political leaders of Singapore. He served as Minister for Finance in 1959 and held this position for nine years. His role as A Minister for Finance was important to Singapore's economic development. Singapore's financial position needed to be srengthened when it had just gained independence.
He Began to develop the economy of Singaporeand encourage savings in goverment spending. In this way. the Singapore goverment managed to accumulate reserves by September 1959.
Dr Goh Keng Swee was responsible for the development of the Jurong Industrial Estate. In September 1962, he laid the foundation stone of the National Iron and Steel Mills, the first heavy industry factory to be in Jurong. Dr Goh Keng Swee wanted factories to built so that industries could move in and begin productions almost immediately. He believed that Singapore would be able to atrract in dustries from overseas to set up buisnesses here. This would provide jobs for the people.
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