SATURDAY, FEBRUARY 2, 1991
MR BARMA SAID A STATUTORY CORPORATION WOULD BE ESTABLISHED TO RUN THE TECHNOLOGY CENTRE.
AS THE LEGISLATIVE PROCESS OF ESTABLISHING IT WOULD TAKE SOMB TIME, A PROVISIONAL LIMITED COMPANY HAD BEEN FORMED TO UNDERTAKE CERTAIN PREPARATORY WORK, INCLUDING RECRUITMENT OF A CHIEF EXECUTIVE.
FOR CONSTRUCTION OF THE TECHNOLOGY CENTRE, THE GOVERNMENT HAD AGREED TO GRANT A SITE OF ABOUT 5,600 SQUARE METRES IN KOWLOON TONG AT NORMINAL PREMIUM TO THE STATUTORY CORPORATION.
AT THE SAME TIME, A ORANT OF $250 MILLION HAD BEEN RELEASED ΤΟ THE PROVISIONAL COMPANY FOR MEETING CONSTRUCTION COSTS AND OTHER EXPENSES.
THIS WOULD BE TOPPED UP BY A LOW-INTEREST LOAN OF $188 MILLION WHICH THE STATUTORY CORPORATION COULD DRAW UPON AS AND WHEN REQUIRED.
"THIS SHOWS THE GOVERNMENT'S STRONG COMMITMENT ΤΟ DEVELOPING TECHNOLOGY-INTENSIVE INDUSTRIES IN HONG KONG, MR BARMA SAID,
"BUT IT IS OF COURSE ESSENTIAL THAT THE PRIVATE SECTOR ALSO PLAYS ITS PART.
"I AM THEREFORE HOPEFUL THAT THE ELECTRONICS INDUSTRY WILL TAKE ADVANTAGE OF THE FACILITY BEING PLANNED, HE SAID.
MR BARMA SAID IT WAS STEADY GROWTH IN OVERSEAS INDUSTRY.
*T
ENCOURAGING ΤΟ SEE THERE HAD BEEN A INVESTMENT IN THE LOCAL MANUFACTURING
AT THE END OF 1989 THE ELECTRONICS INDUSTRY ALONB ACCOUNTED FOR 29 PER CENT OF TOTAL OVERSEAS INVESTMENT.
SUCH INVESTMENTS PLAYED A VERY IMPORTANT ROLE IN ENRICHING HONG KONG'S INDUSTRIAL BASE WITH NEW
OR IMPROVED DESIGNS, PRODUCTS AND PRODUCTION PROCESSES.
AND
"THEY ALSO BEAR TESTIMONY ΤΟ OUR POTENTIAL FOR DEVELOPING TECHNOLOGY-INTENSIVE INDUSTRIES IN VIEW OF LOCAL TALENT AVAILABLE EXCELLENT INFRASTRUCTURE," HE SAID.
THE ESTABLISHMENT OF THE SILICON HARBOUR CENTRE BY MOTOROLA WAS A NOTABLE EXAMPLE.
JUST BENEFIT FROM
"I HOPE THAT LOCAL MANUFACTURERS WOULD NOT THE NEW AND USEFUL TECHNOLOGIES BROUGHT INTO HONG KONG BY MULTI-NATIONAL COMPANIES, BUT THEY WILL CONTINUE TO INVEST TO FURTHER CAPITALISE ON THE ABUNDANT OPPORTUNITIES HERE, MR BARMA SAID.
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