XN000022-1990-11-06 — Page 5

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.

1416,

/5