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TUESDAY, JANUARY 5, 1988

INDUSTRY DEPARTMENT REVIEWS INWARD INVESTMENT OBJECTIVES

THE INDUSTRY DEPARTMENT 18 RECENTLY REVIEWING ITS INWARD INVESTMENT OBJECTIVES WITH A VIEW TO IMPROVING TARGETTING OF OVERSEAS FIRMS THAT HAVE USEFUL TECHNOLOGY AND EXPLORING WAYS AND MEANS BY WHICH IT COULD HELP MANUFACTURERS ΤΟ

INTO TECHNOLOGY TRANSFER TRANSACTIONS.

ENTER

THIS WAS STATED TODAY (TUESDAY) BY THE DEPUTY DIRECTOR OF

ON HONG KONG INDUSTRY, MR ANDREW LEUNG, AT A SEMINAR

COMMERCE AND INDUSTRY IN 1988 ORGANISED BY THE CHINESE GENERAL CHAMBER OF COMMERCE.

MR LEUNG POINTED OUT THAT MOST ESTABLISHMENTS WITH AN OVERSEAS

INTEREST INVESTMENT

HAD SHOWN A STRONG COMMITMENT TO PRODUCT AND PROCESS IMPROVEMENT AND WERE ENGAGING IN ONE OR MORE FORMS OF SUPPORTING ACTIVITY.

HE SAID THOSE INVESTMENTS SERVED NOT ONLY TO ENRICH HONG KONG'S MANUFACTURING CAPABILITIES BUT THROUGH THE NETWORK OF SUB-CONTRACTING

HERE,

ALSO TO STIMULATE LOCAL MANUFACTURERS ΤΟ UPGRADE THEIR OPERATIONS.

WORK

THAT

HE ADDED THAT THE AIM OF THE GOVERNMENT'S INDUSTRIAL DEVELOPMENT POLICIES WAS TO STIMULATE INVESTMENT IN ACTIVITIES WOULD ENABLE MANUFACTURERS TO ACHIEVE HIGHER LEVELS OF PRODUCTIVITY, IMPROVE THE QUALITY OF THEIR OUTPUT, AND STIMULATE PRODUCT INNOVATION.

"WE SEEK TO PROVIDE THAT STIMULUS BY THE PRODUCTIVITY

PROMOTION

SERVICES ENHANCEMENT

OF THE HONG KONG PRODUCTIVITY COUNCIL,

BY THE

QUALITY

SERVICES OF THE INDUSTRY

BY DEPARTMENT, AND PROVIDING SPECIALISED MANPOWER TRAINING AND SUITABLE LAND FOR INDUSTRIES," MR LEUNG SAID.

+

**THE LEGISLATIVE COUNCIL'S FINANCE COMMITTEE APPROVED AT ITS RECENT MEETING A COMMITMENT OF $73 MILLION OVER 3 YEARS FOR AN EXPANDED PROGRAMME OF PRODUCTIVITY ENHANCEMENT SERVICES WITH TECHNOLOGY INTENSIVE FACILITIES SUCH AS A SURFACE MOUNT LABORATORY,

AND A DIGITAL COMMUNICATIONS RADIO FREQUENCY PRECISION METAL WORKING.

LABORATORY,

A

AND

RIGH

TO

"APPROVAL WAS ALSO GIVEN FOR A GOVERNMENT GRANT OF $12.8 MILLION TO ADD TO A PRIVATE DONATION OF $10 MILLION BY CHEN HSONG ENABLE THE HONG KONG PLASTICS TECHNOLOGY CENTRE LTD TO BE ESTABLISHED.

"PROPOSALS TO DEVELOP A THIRD INDUSTRIAL ESTATE AND то INVESTIGATE THE REQUIREMENTS OF A TECHNOLOGY CENTRE OR SCIENCE PARK TO PROVIDE AN EFFECTIVE ENVIRONMENT FOR TECHNOLOGY TRANSFER HAD ALSO BEEN ENDORSED

MERTING," BY THE INDUSTRY DEVELOPMENT BOARD AT ITS LAST

SAID.

HE

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