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THURSDAY, DECEMBER 3, 1992
"WE WILL THEN BE IN A BETTER POSITION TO DECIDE WHETHER ΤΟ ACCEPT THE REPORT'S RECOMMENDATIONS AND CARRY OUT FURTHER DETAILED STUDIES ON THE ESTABLISHMENT OF A SCIENCE PARK IN HONG KONG, HE SAID.
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THE GOVERNMENT HAD ESTABLISHED, AT THE BEGINNING OF THIS YEAR, THE INDUSTRY AND TECHNOLOGY DEVELOPMENT COUNCIL то ADVISE THE GOVERNMENT ON THE SUPPORT HONG KONG'S INDUSTRIES NEEDED IN RESPONSE TO TECHNOLOGICAL DEVELOPMENTS AROUND THE WORLD.
THE INDUSTRY AND TECHNOLOGY DEVELOPMENT COUNCIL HAS UNDER İT, FIVE SPECIALIST COMMITTEES: THE ELECTRONICS COMMITTEE, THE PLASTICS COMMITTEE, THE METALS COMMITTEE, THE TEXTILES AND CLOTHING COMMITTEE AND THE TECHNOLOGY COMMITTEE.
THE TECHNOLOGY COMMITTEE IS IN TURN UNDERPINNED BY THE BIOTECHNOLOGY SUB-COMMITTEE AND THE
TECHNOLOGY SUB-COMMITTEE TO ADVISE ON THE NEEDS OF SPECIFIC TECHNOLOGY SECTORS.
INFORMATION
MR BARMA SAID THERE WAS ALSO A COMMITTEE ON THE APPLIED RESEARCH AND DEVELOPMENT SCHEME WHICH PROVIDED ADVICE ON THE IMPLEMENTATION OF THE GOVERNMENT'S APPLIED RESEARCH AND DEVELOPMENT
SCHEME.
UNDER THE SCHEME,
THE GOVERNMENT PROVIDES $200 MILLION то COMPANIES IN THE FORM OF MATCHING INVESTMENTS IN RESEARCH AND DEVELOPMENT PROJECTS.
THE OVERALL OBJECTIVE OF THE SCHEME IS TO ENCOURAGE A HIGHER LEVEL OF PRIVATE SECTOR INVESTMENT IN APPLIED INDUSTRIAL RESEARCH AND DEVELOPMENT.
"THIS SEEKS TO ENCOURAGE THE INCREASE OF HONG KONG MANUFACTURERS' TECHNOLOGICAL CAPABILITY AND THEREBY HELP THEM BECOME MORE COMPETITIVE IN A RANGE OF MORE HIGHER VALUE-ADDED PRODUCTS," HE SAID.
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MR BARMA POINTED OUT THAT HONG KONG HAD BENEFITED FROM THE IMPORT OF TECHNOLOGY IN THE PAST, AND WAS BOUND TO CONTINUE TO NEED EXTERNAL NOURISHMENT FOR ITS FUTURE INDUSTRIAL DEVELOPMENT.
"THROUGH THE INDUSTRY DEPARTMENT'S INWARD INVESTMENT PROGRAMME, THE HONG KONG GOVERNMENT STRIVES TO ATTRACT OVERSEAS INVESTORS WHO CAN BRING IN NEW AND IMPROVED PROCESSES AND TECHNOLOGIES TO HONG KONG.
THE PROGRAMME, WHICH IS SUPPORTED BY A NETWORK OF INDUSTRIAL PROMOTION UNITS OVERSEAS, TAKES A PROACTIVE APPROACH TO COMPANIES IN A RANGE OF TARGETED INDUSTRIES.
THE TARGETS ARE IDENTIFIED AND REVIEWED REGULARLY HAVING REGARD TO THE FINDINGS OF HONG KONG'S TERTIARY INSTITUTIONS, FEEDBACK FROM INDUSTRY, RECOMMENDATIONS OF INDUSTRY DEPARTMENT'S OWN TECHNO-ECONOMIC STUDIES AND THE ASSESSMENT OF PROJECT OFFICERS ON THE
GROUND.
"THE CONTINUED FLOW OF OVERSEAS INVESTMENTS INTO HONG KONG SUGGESTS BOTH THAT THE PROGRAMME IS SUCCESSFUL AND THAT HONG KONG CONTINUES TO HAVE MUCH TO OFFER TO
NEW AND DIVERSIFIED PROJECTS FROM OVERSEAS, HE SAID.
INDUSTRIAL
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