11 firms pledge to invest US$2.282 bil. in nation
CNATAIPEI, Taiwan -- Eleven Taiwanese companies with operations overseas signed letters of intent with the Ministry of Economic Affairs (MOEA) Wednesday, agreeing to invest a total of NT$67.55 billion (US$2.282 billion) in the country.
September 19, 2013, 12:25 am TWN
The documents were signed at the 2013 Taiwan Business Alliance Conference, an annual investment promotion event targeting Taiwanese companies. The investment promised this year is the highest in the conference's history, according to the ministry.
Minister of Economic Affairs Chang Chia-juch said the government's efforts to encourage overseas Taiwanese companies to increase their investment in Taiwan will help create jobs and boost economic growth.
In addition to providing various incentives with regard to workforce, land acquisition, equipment and taxes, the ministry has set up a coordination mechanism to help to resolve investment barriers, Chang said.
He said the government will also accelerate follow-up negotiations with China under the Economic Cooperation Framework Agreement to attract more overseas Taiwanese companies to invest in Taiwan.
This year's conference has drawn approximately 500 businessmen, most of whom are operating in China, Southeast Asia, Europe and the Americas.
Among the companies that have promised to invest is E United Group, which will pour in NT$50 billion to build hotels, department stores and a cancer hospital, and Giant Manufacturing Co., which will spend NT$4 billion to build a bicycle parts and components plant, as well as an R&D center, in central Taiwan.
Other companies also include Jourdeness, Joy Industrial Co., Dachan Great Wall Group, Thai Ho Group, Tair Jiuh Enterprise, La Kaffa International Co., Dinwang Enterprise and Privilege Aero LLC.