SUNDAY, MAY 10, 1981
TICD PUTS OUT GUIDE TO INDUSTRIAL INVESTMENT
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A 60-PAGE GUIDE TO INDUSTRIAL INVESTMENT IN HONG KONG HAS BEEN PUBLISHED BY THE TRADE INDUSTRY AND CUSTOMS DEPARTMENT.
ILLUSTRATED IN FULL COLOUR ITS 12 CHAPTERS ENDEAVOUR TO ANSWER QUESTIONS LIKELY TO BE ASKED BY AN OVERSEAS INDUSTRIAL IST INTERESTED IN ESTABLISHING A WHOLLY-OWNED MANUFACTURING FACILITY OR JOINT VENTURE OPERATION IN HONG KONG.
TOPICS COVERED IN THE GUIDE RANGE FROM THE CHOICE OF INDUSTRIAL SITES TO MANPOWER AND WAGES, FROM COMMUNICATIONS TO RECREATION FACILITIES.
PRINTED IN ENGLISH AND JAPANESE, HONG KONG INTO THE '80S. INDUSTRIAL INVESTMENT WILL SHORTLY ALSO BE AVAILABLE IN GERMAN AND FRENCH.
DESIGNED BY THE GOVERNMENT INFORMATION SERVICES, COPIES OF THE GUIDE ARE AVAILABLE AT $12 FROM THE GOVERNMENT PUBLICATIONS CENTRE ON THE GROUND FLOOR OF THE GPO BUILDING, CONNAUGHT PLACE.
FOLLOWING A FOREWORD BY THE GOVERNOR, AND AN EXPLANATION AS TO WHY MANY INTERNATIONAL COMPANIES HAVE SUCCESSFULLY ESTABLISHED PROJECTS HERE, THE PUBLICATION ADVISES THAT ALTHOUGH THE GOVERNMENT DOES NOT STIPULATE WHICH INDUSTRIES SHOULD OR SHOULD NOT BE DEVELOPED, THOSE MOST LIKELY TO SUCCEED ARE COMPANIES WHICH HAVE REASONABLY HIGH LEVELS OF TECHNOLOGY WHICH ARE EXPORT-ORIENTED OR PROVIDE A SERVICE TO MANUFACTURING INDUSTRY.
THE AVAILABILITY OF LAND AND FACTORY BUILDINGS IS EXPLAINED IN DETAIL, INCLUDING LAND AUCTIONS, THE CRITERIA FOR SITES ON INDUSTRIAL ESTATES, TENDERS AND PRIVATE TREATIES, BUYING FROM PRIVATE DEVELOPERS, AND THE GROWTH OF THE INDUSTRIAL TOWNS AND ZONES. COSTS TOO, OF BUILDING FACTORIES AND BUYING OR LEASING PREMISES, INCLUDING COMMERCIAL BUILDINGS, ARE ALL COVERED.
OF VITAL INTEREST TO AN OVERSEAS INDUSTRIALIST IS THE AVAILABILITY OF MANPOWER, AND LABOUR COSTS. THESE QUESTIONS, AS WELL AS LEGISLATION COVERING HOLIDAYS AND WORKING HOURS, INDUSTRIAL HEALTH AND SAFETY, AND WORKMEN'S COMPENSATION AŘE ANSWERED, TOGETHER WITH REFERENCES TO THE GOVERNMENT AND NON-GOVERNMENT ORGANISATIONS THAT CAN ASSIST.
GOVERNMENT BUREAUCRACY COULD BE A DAUNTING ASPECT WHEN INVESTING OVERSEAS, SO THE GUIDE, IN A CHAPTER ENTITLED +CUTTING THE RED TAPE+ INTRODUCES THE TICD'S +ONE-STOP+ UNIT, WHICH PROVIDES, ON BEHALF OF ANY GOVERNMENT DEPARTMENT, ACCURATE AND SWIFT INFORMATION AND ADVICE.
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TOGETHER WITH SEVERAL NON-GOVERNMENT INSTITUTIONS, THE GOVERNMENT HELPS TO MAINTAIN A VARIETY OF SERVICES TO MEET
INDUSTRY'S NEEDS, PRODUCT TESTING AND QUALITY CERTIFICATION, HEALTH AND SAFETY STANDARDS, PATENTS, DESIGNS, TRADE DESCRIPTIONS AND TRADE MARKS. AND EXPORT CREDIT INSURANCE ARE JUST SOME GIVEN IN A CHAPTER CALLED SERVING INDUSTRY+.
/NECHNICAL EDUCATION