...
2
MONDAY, JANUARY 16, 1989
MR JACOBS SAID THE FORMATION OF AN ORGANISED INDUSTRY COULD NOT HAVE BEEN MORE TIMBLY AS FAR INDUSTRIAL DEVELOPMENT WAS CONCERNED.
VENTURE AS HONG
CAPITAL KONG'S
BEEN
FULL
"MANUFACTURING INDUSTRY IN HONG KONG HAS RECENTLY UNDERGOING A QUIET REVOLUTION IN RESPONSE TO THE CONSTRAINTS OF EMPLOYMENT AT HOME AND STRONG COMPETITION IN OUR MAIN EXPORT MARKETS.
"MANUFACTURERS HAVE BEEN OBLIGED TO THINK MORE SERIOUSLY, NOT JUST ABOUT PRODUCTION COST, BUT ALSO ABOUT INCREASED INVESTMENT IN AUTOMATION IN ORDER TO ACHIEVE A HIGHER LEVEL OF QUALITY, PRECISION AND INNOVATION, HE POINTED OUT.
tl
HE SAID THIS CALLED FOR THE EXPLOITATION ADVANCES IN MATERIALS, MANUFACTURING PROCESSES DESIGNS.
OF TECHNOLOGICAL AND ENGINEERING
UNTESTED, VENTURE
"BECAUSE THE PROCESSES ARE OFTEN UNTRIED OR CAPITAL IS THE MOST APPROPRIATE FINANCING MEDIUM, HE SAID.
"
THE FINANCIAL SECRETARY ALSO SAID THE GOVERNMENT, FOR ITS OWN PART, RECOGNISED THE NEED FOR HONG KONG'S MANUFACTURING INDUSTRY TO UPGRADE.
WE
"WHILE THE GOVERNMENT'S POLICY IS TO LEAVE INDIVIDUAL INVESTMENT DECISIONS TO INDUSTRIALISTS,
ARE FIRMLY COMMITTED TO PROVIDING INFRASTRUCTURAL AND DEVELOPMENTAL SUPPORT IN FACILITATING THIS PROCESS OF UPGRADING, HE SAID.
"
MR JACOBS CITED AS AN EXAMPLE THE GOVERNMENT'S FUNDS FOR THE HONG KONG PRODUCTIVITY COUNCIL TO ASSIST IN THE ADOPTION OF AUTOMATION AND NEW TECHNOLOGIES.
"OUR THIRD UNIVERSITY, WHICH IS DEDICATED ΤΟ TECHNOLOGY, WILL START ITS FIRST STUDENT INTAKE IN 1991.
*
PROVISION OF MANUFACTURERS
SCIENCE AND
'WE HAVE ENGAGED CONSULTANTS ON THE DEVELOPMENT OF A THIRD INDUSTRIAL ESTATE, AND POSSIBLY A FOURTI, TO ACCOMMODATE SPECIALISED MANUFACTURING PROCESSES WHICH CANNOT BE OPERATED IN ORDINARY MULTI-STOREY FACTORY BUILDINGS HE SAID.
H
CENTRE, RESEARCH
IN ADDITION, FEASIBILITY STUDIES ON A TECHNOLOGY CENTRE IN HONG KONG WERE WELL UNDERWAY, HE SAID, POINTING OUT THAT THIS WHEN ESTABLISHED, WOULD FOSTER CLOSER LINKS BETWEEN ACADEMIC AND INDUSTRIAL APPLICATION.
1
O
t
13