FRIDAY, MARCH 7, 1975
GREGOR LEADS INDUSTRIAL INVESTMENT PROMOTION TEAM TO AUSTRALIA
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THE DEPUTY DIRECTOR OF COMMERCE AND INDUSTRY, MR. JAMES MCGREGOR, LEAVES FOR SYDNEY TOMORROW (SATURDAY) FÖR TALKS WITH AUSTRALIAN INDUSTRIALISTS ON THE POSSIBILITY OF SETTING UP BRANCH FACTORIES IN HONG KONG.
THE TWO-WEEK TRIP IS THE FIRST IN A SERIES OF INDUSTRIAL INVESTMENT PROMOTIONS WHICH THE COMMERCE AND INDUSTRY DEPARTMENT WILL CARRY OUT DURING 1975 AND 1976 IN CONJUNCTION WITH THE TRADE DEVELOPMENT COUNCIL.
THE TWO ORGANISATIONS HAVE BEEN WORKING FOR MANY YEARS IN CLOSE LIAISON TO PROMOTE THE TRANSFER OF TECHNOLOGY FROM THE DEVELOPED COUNTRIES TO HONG KONG.
THIS HAS BEEN DONE THROUGH SEMINARS, MISSIONS, REGIONAL CONF: DENCES AND DIRECT APPROACHES TO INDIVIDUAL INDUSTRIAL COMPANIES IN A NUMBER OF COUNTRIES.
THIS PROGRAMME HAS BEEN INTENSIFIED FOR 1975, AND IT IS HOPED THAT THE TWO ORGANISATIONS WILL BE ABLE TO CARRY OUT AT LEAST FIVE MAJOR PROMOTIONS IN DIFFERENT COUNTRIES DURING THE NEXT 12 MONTHS, AIMED AT ATTRACTING MANUFACTURING INDUSTRIES TO HONG KONG.
THE COMMERCE AND INDUSTRY DEPARTMENT HAS OFTEN STRESSED THE IMPORTANCE OF FOREIGN INVESTMENT, EXPERTISE AND PARTICIPATION TO HONG KONG INDUSTRIAL DEVELOPMENT.
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MR. MCGREGOR POINTED OUT THAT THERE WERE ABOUT 240 INDUSTRIAL UNDERTAKINGS IN HONG KONG WHICH WERE FULLY OR PARTLY FOREIGN-OWNED AND THAT THESE EMPLOYED AT LEAST 65,000 WORKERS AT THE END OF 1974. THEY REPRESENT HIGH STANDARDS OF MANAGEMENT, TECHNOLOGY AND MARKETING EXPERTISE, HE ADDED.
MR. MCGREGOR SAID THAT AUSTRALIAN MANUFACTURING INDUSTRIES REPRESENTED HIGH TECHNICAL STANDARDS AND MANY AUSTRALIAN INDUSTRIES HAD PARTICULAR RELEVANCE TO 11ONG KONG'S PRESENT STATE OF INDUSTRIAL DEVELOPMENT.
IN ENGINEERING, PARTICULARLY, HE DELIEVED THAT AUSTRALIAN INDUSTRIAL KNOWLEDGE COULD BE MOST HELPFUL TO HONG KONG.
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+WE ALREADY HAVE A USEFUL AUSTRALIAN ELEMENT IN OUR INDUSTRY AND WE ARE PROPOSING TO DO WHAT WE CAN TO INCREASE THIS. ISN'T A BAD TIME TO TRY, MR. MCGREGOR ADDED.
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