MONDAY, JULY 14, 1986
15
INTRODUCTION OF USEFUL TECHNOLOGY THE AIM
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THE AIM OF THE GOVERNMENT IN BRINGING OVERSEAS COMPANIES TO INVEST IN MANUFACTURING IN HONG KONG IS TO SEEK THE INTRODUCTION OF USEFUL TECHNOLOGY THROUGH THE MEDIUM OF OVERSEAS INDUSTRIAL INVESTMENT PROMOTION, THE DEPUTY DIRECTOR OF INDUSTRY, MR A.G. EASON, SAID TODAY (MONDAY).
SPEAKING AT A LUNCHEON MEETING OF THE VICTORIAN ROTARY CLUB, MR EASON SAID THE INDUSTRY DEPARTMENT'S RESOURCES FOR THAT PURPOSE WERE FIVE OVERSEAS OFFICES IN SAN FRANCISCO, NEW YORK, TOKYO, STUTIGART AND LONDON MATCHED AND SUPPORTED BY THE ONE STOP UNIT IN HONG KONG.
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+ AT PRESENT, WORLD WIDE, WE HAVE ON OUR BOOKS OVER 530 ACTIVE PROJECTS, WHICH WE ARE PURSUING, AND 23 PROMISING PROJECTS, WHICH WE THINK ARE LIKELY TO PROCEED WITHIN A YEAR OR SO.
+THERE ARE ALSO 19 COMMITTED PROJECTS, WHICH WILL INVOLVE TOTAL INVESTMENT AMOUNTING TO ABOUT $900 MILLION AND THE PROSPECT OF ABOUT 1 000 NEW JOBS.
+ THE YEARS 1983, 1984 AND 1985 PRODUCED RESPECTIVELY 7, 10 AND 18 COMPLETED PROJECTS, INVOLVING ABOUT $12 MILLION, $40 MILLION AND $286 MILLION'S WORTH OF INVESTMENT AND THE CREATION OF 310, 350 AND 730 JOBS.
+PRESENT INDICATIONS ARE THAT ALL THESE QUANTITIVE MEASURES WILL BE EXCEEDED IN 1986.
+1NFORMATION ABOUT THE SOME 600 MANUFACTURING OPERATIONS IN HONG KONG INVOLVING OVERSEAS INVESTMENT, INDICATES THAT THEY ARE SPREAD ACROSS A WIDE RANGE OF PRODUCTS FROM ELECTRONICS, ELECTRICAL GOODS, NON-METALLIC MINERAL PRODUCTS, FOODS AND BEVERAGES, CHEMICAL PRODUCTS, GARMENTS, PRINTING AND PUBLISHING, WATCHES AND CLOCKS.
+TECHNOLOGICAL PROCESSES AND PRODUCTS ARE, THEREFORE. INEVITABLY AMONGST THIS RANGE AND THE EXPECTATION IS THAT' KNOWLEDGE OF THEM WILL BE DISSEMINATED TO LOCALLY EMPLOYED MANAGERS, TECHNICIANS AND OPERATIVES, AS WELL AS TO LOCAL CONTRACTORS AND SUPPLIERS OF PARTS, COMPONENTS AND SERVICES.+
COMMENTING ON THE RECENT CALL FOR THE ESTABLISHMENT OF AN INDUSTRIAL DEVELOPMENT BANK AND ALONG TERM, LOW INTEREST LOAN SCHEME FOR INDUSTRY, MR EASON SAID THE ISSUE GAVE RISE TO MANY QUESTIONS TO WHICH THERE WERE STILL NO CONVINCING ANSWERS.
HE SAID THROUGH THE INDUSTRY DEVELOPMENT BOARD AND ITS THREE MAIN COMMITTEES, LEADING MANUFACTURERS AND THEIR REPRESENTATIVE BODIES COULD COMMUNICATE THEIR IDEAS DIRECTLY TO THOSE RESPONSIBLE FOR INDUSTRIAL POLICIES IN GOVERNMENT.
/+A CERTAIN