TUESDAY, NOVEMBER 6, 1990
IMPORTANT ROLE PRODUCTION
"IT IS CLEAR THAT OVERSEAS INVESTMENT PLAYS AN IN ASSISTING THE LOCAL MANUFACTURING SECTOR TO UPGRADE ITS CAPABILITIES, MR BARMA SAID.
17
EACH COMPANY INVESTORS
IN THE SURVEY, THE INDUSTRY DEPARTMENT ALSO GAVE A LIST OF 20 BUSINESS FACTORS TO SEEK THE VIEWS OF OVERSEAS ON THE ATTRACTIVENESS OF HONG KONG AS A MANUFACTURING BASE.
"OUT OF THESE 20 FACTORS, 14 WERE CONSIDERED BY MORE THAN THE RESPONDENTS TO BE FAVOURABLE.
INFRASTRUCTURE, FACILITIES, FINANCIAL
"BANKING AND
LAWS AND REGULATIONS, AND GOVERNMENT FACTORS SEEN AS MOST FAVOURABLE,'
ECONOMIC
POLICY
"I
HE SAID.
SAID MR BARMA
THE SURVEY
HALF
BUSINESS
WERE THE
KEY
ALSO CONFIRMED
SEVERAL
COMMONLY
RECOGNISED UNFAVOURABLE FACTORS, SUCH AS HONG KONG'S POLITICAL FUTURE, LABOUR COST AND COST OF FACTORY SPACE.
"WHEN
TO ASKED
COMMENT
ON THE ENVIRONMENT IN HONG KONG, IT IS ENCOURAGING PER CENT) CONSIDERED IT FAVOURABLE," HE SAID.
OVERALL 389 THAT
MANUFACTURING COMPANIES
(67
FOR
CENT) ALSO HAD PLANS "A TOTAL OF 217 COMPANIES (37 PER
PER EXPANSION IN HONG KONG. OF THESE, 171 (29 PER CENT) PLANNED TO EXPAND THE PRODUCTION CAPACITY OF THEIR EXISTING PRODUCTS, 57 (10
91 (16 PER PLANNED TO INTRODUCE NEW PRODUCTION PROCESSES AND WERE DEVELOPING NEW PRODUCTS,
"
HE ADDED.
SAID 364
CENT) CENT)
PER
267
(62 COMPANIES ON BUSINESS PROSPECTS, MR BARMA CENT) EXPECTED BUSINESS IN 1990 TO BE GOOD TO SATISFACTORY, WHILE COMPANIES (45 PER CENT) FELT THE SAME ABOUT BUSINESS PROSPECTS IN NEXT THREE YEARS.
THE
MR BARMA SAID THE
RESULTS
THE OF
SURVEY LATEST
WERE VERY
POSITIVE.
OF ENRICHING OUR "NOT ONLY DO THEY INDICATE THAT THE PROCESS
THE 1990'S, THROUGH LOCAL MANUFACTURING CAPABILITIES CONTINUES INTO
REMAINS FOR TECHNOLOGY TRANSFER, BUT THEY ALSO DEMONSTRATE THAT HONG KONG
IN MANUFACTURING
LOCATION FOR
INVESTMENT
A VERY ATTRACTIVE OVERSEAS INVESTORS.
++
"WE IN THE INDUSTRY DEPARTMENT RESULTS BECAUSE WE PUT INVESTMENT, HE SAID.
A
LOT
BY THE WERE ALSO ENCOURAGED
INTO ATTRACTING OVERSEAS OF EFFORT
CHARGE FROM COPIES OF THE SURVEY REPORT ARE AVAILABLE FREE OF
ROOM DEPARTMENT, INDUSTRY THE INDUSTRIAL DATA SECTION OF THE OCEAN CENTRE, TSIM SHA TSUI.
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