10
MONDAY, MAY 2, 1994
ΤΟ IN
HE NOTED THAT HONG KONG INDUSTRIALISTS HAD ACCOMPLISHED THIS BY MOVING THE MORE LABOUR-INTENSIVE AND LOWER-END ASSEMBLY PROCESSES PROCESSES CHINA WHILE CARRYING OUT THE REST OF THE MANUFACTURING HONG KONG,
THIS DEVELOPMENT HAD ENABLED LOCAL INDUSTRIALISTS TO DEPLOY THE LIMITED RESOURCES IN HONG KONG TO MORE VALUE-ADDED AND KNOWLEDGE-BASED MANUFACTURING AND RELATED SUPPORT FUNCTIONS, HE SAID.
IT HAD ALSO ALLOWED THE MANUFACTURING INDUSTRY TO SWITCH TO THE PRODUCTION OF HIGH TECHNOLOGY AND UPPER END OF THE MARKET PRODUCTS AND MANUFACTURERS IN HONG KONG'S HENCE ENHANCED THE COMPETITIVENESS OF THE WOULD MARKET, HE ADDED.
MR LAW POINTED OUT THAT THE GOVERNMENT ALSO PLAYED AN IMPORTANT INDUSTRY, CONCENTRATING ON THE DEVELOPMENT OF FACILITATE
ROLE то
DESIGNS,
RESEARCH
INNOVATIVE PRODUCTION AND QUALITY ASSURANCE.
AND
HIGHER DEVELOPMENT,
TECHNOLOGY
APPLIED ONE OF THE MORE RECENT INITIATIVES IS THE $200 MILLION
AGO TO PROVIDE RESEARCH AND DEVELOPMENT SCHEME, ESTABLISHED A YEAR
TO LOCAL MANUFACTURERS TO UNDERTAKE MATCHING FINANCIAL ASSISTANCE
MARKET-DRIVEN RESEARCH AND DEVELOPMENT PROJECTS.
"RESPONSE
ΤΟ
THE
SCHEME
IS
ENCOURAGING
AND SO
FAR
25
APPLICATIONS HAVE BEEN RECEIVED," HE SAID.
THE
AN
ADDITIONAL
$180 PROJECTS
THE HONG. HONG
PROVISION OF ANOTHER INITIATIVE IS MILLION IN THE CURRENT FINANCIAL YEAR TO SUPPORT INDUSTRIAL WHICH ARE BENEFICIAL TO THE INDUSTRIAL OR TECHNOLOGICAL DEVELOPMENT OF
OF COMPETITIVENESS HONG KONG AND TO THE OVERALL MANUFACTURING INDUSTRY.
THIS LATTER SCHEME HAD GENERATED ENTHUSIASTIC
VARIOUS ORGANISATIONS, MR LAW SAID.
"I AM CONFIDENT THAT PROJECTS COMPLETED
RESPONSE FROM
UNDER
BOTH SCHEMES INDUSTRY," HE
WOULD ADD NEW DIMENSIONS TO HONG KONG'S MANUFACTURING ADDED.
+
APPLICATIONS FOR FLAG DAYS 1995 INVITED
ΤΟ YEAR
RAISE THE SOCIAL
FUNDS
ORGANISATIONS WISHING TO HOLD FLAG DAYS NEXT ΤΟ FINANCE THEIR SERVICES ARE INVITED TO APPLY TO WELFARE DEPARTMENT.
ABOUT 50 FLAG DAYS WILL BE DESIGNATED NEXT YEAR.
A SPOKESMAN
FOR THE
DEPARTMENT SAID TODAY
(MONDAY)
NON-PROFIT-MAKING
ORGANISATIONS
THAT UNDER
APPLICANTS MUST BE BONA FIDE,
SECTION 88 OF THE INLAND REVENUE ORDINANCE.
/"ALL APPLICANTS
+