Jurong Industrial Estate from the Singapore government. 1962 was also the year which Singapore begun to actively woo overseas industrialists as such the Japanese, with some indicating interests in joint development projects and sending study missions to Singapore. A Japanese economic survey mission led by Shinichi Takasugi, President of Mitsubishi and Head of Japan's Economic Cooperation Committee and the Federation of Economic Organizations found that Jurong Industrial Estate was "the best site for industrialisation for Singapore." A S$23 million shipyard joint venture between Ishikawajima-Harima and EDB was planned for as well. EDB was also functioning as an industrial bank, offering loans to companies at "reasonable interest rates". Since 1 April 2019, the EDB manages DesignSingapore Council, the national agency for design. This is done to help companies expand beyond Singapore. It also manages Singapore Global Network, which was set up in 2019 to grow Singapore's networks and connections around the world. The EDB maintains 20 international offices in 14 countries which includes Brazil, China, France, Germany, India, Indonesia, Japan, Netherlands, South Korea, Sweden, Switzerland, Thailand, United Kingdom and the United States. References External links 1961 establishments in Singapore Government agencies established in 1961 Statutory boards of the Singapore Government Economy of Singapore Development in Asia Investment promotion agencies