Over 30 firms decide to invest back home: ministry
CNATAIPEI--A total of 37 Taiwanese companies that have overseas operations have responded to the government's call and decided to invest at home during the past year, the Ministry of Economic Affairs said yesterday.
September 24, 2013, 12:17 am TWN
The ministry made the announcement after two more companies received approval on Monday to invest roughly NT$1.4 billion (US$47.36 million) in Taiwan under a government initiative launched last November.
One of the two companies is QNAP Systems Inc., which manufactures Internet equipment, while the other wished to remain anonymous, the ministry said.
Including the two projects, the ministry said, the 37 companies plan to invest a total of NT$185.8 billion in Taiwan and create around 28,000 new jobs.
The government program was established to ease the impact of local businesses relocating abroad and help support the economy at a time when the country is trying to transform its industrial sectors, the Council for Economic Planning and Development said in a statement.
According to the plan, companies that meet one of four requirements and have operated overseas for at least two years will receive help in getting financing and access to information on available land, as well as benefit from such perks as lower duties on imported equipment and higher foreign worker allowances.