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Wednesday, November 15, 1972
"It seems economically desirable that our industrial base should
be widened further so as to provide opportunities for developing new
markets and, by developing new skills and investment in more sophisticated
processes, to increase our productivity and earning power,
" he added.
To this end the Commerce and Industry Department has for some
years actively promoted overseas investment in Hong Kong industry, with
some encouraging resulta.
Mr. Jordan also revealed that the Government was considering
the selling of land for specific industries under restricted user
conditions, to facilitate the establishment of new and more sophisticated
industries.
It was possible, he said, that at least one site may be offered
for sale under these conditions within the next few months and he hoped
that this would result in an industry completely new to Hong Kong being
established hore.
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