XN000022-1991-09-25 — Page 7

6

WED

GEF11BER 25, 1991

CENT

INVESTMENT

"IN THIS CONNECTION, JAPAN IS A CLOSE SECOND TO THE USA,

31 ACCOUNTED FOR

PER

OF TOTAL OVERSEAS MANUFACTURING," HE SAID.

MR BARMA SAID JAPANESE INVESTMENT HAD BEEN GROWING MUCH THAN THE U.S.IN THE LAST COUPLE OF YEARS.

WHICH IN

FASTER

JAPANESE

OF

+

"THE GROWTH OF JAPANESE INVESTMENT MANIFESTATION OF ECONOMIC DYNAMISM PROSPERITY, HE SAID.

IN

KONG HONG

BUSINESSMEN'S

AND ITS

HONG KONG 19 STRONG CONFIDENCE IN

THE

CONTINUED STABILITY

AND

MR BARMA SAID THE GOVERNMENT

HAD TAKEN VARIOUS MEASURES IN

TANDEM TO UPGRADE THE TECHNOLOGY LEVEL OF ITS INDUSTRY.

THE NUMBER OF UNIVERSITY "WE RECOGNISE THE NEED TO INCREASE GRADUATES, IMPROVE THE QUALITY OF TERTIARY EDUCATION AND PROVIDE TRAINING IN

MUCH-NEEDED ENGINEERING MANUFACTURING.

THOSE

SKILLS

"MASSIVE INVESTMENTS ARE MADE TO THAT END,

MORE

APPLICABLE

TO

** HE SAID.

ORGANISATIONS

FURTHERMORE, THERE WERE OTHER GOVERNMENT-FUNDED

AND CENTRES OF SUCH AS THE HONG KONG INDUSTRIAL TECHNOLOGY CENTRE,

ACADEMIC INSTITUTIONS ΤΟ FACILITATE EXCELLENCE AT VARIOUS TERTIARY

INDUSTRIAL APPLICATION OF RESEARCH TECHNOLOGY TRANSFER AND PROMOTE TECHNOLOGIES.

"THE HONG KONG INDUSTRIAL TECHNOLOGY CENTRE IS TARGETTED TO BE DESIGN AND DEVELOPMENT SERVICE FULLY OPERATIONAL IN 1993, WITH THE

TO EXPECTED AND TECHNOLOGY EARLIER IN 1991.

TRANSFER

FACILITY

BE

AVAILABLE

EVEN

ΤΟ STIMULATE GROWTH OF ASSIST THEM WITH PRODUCT THE TRANSFER OF TECHNOLOGIES ΤΟ HELP WITH THE COMMERCIAL

"THE CENTRE WILL ACT AS AN INCUBATOR INNOVATIVE NEW TECHNOLOGY-BASED FIRMS AND DESIGN AND DEVELOPMENT; TO FACILITATE RELEVANT TO HONG KONG'S INDUSTRY; AND EXPLOITATION OF RESEARCH UNDERTAKEN LOCALLY," HE SAID.

SAID THE

HONG KONG

GOVERNMENT

ALSO

SAW THE MR BARMA

CRUCIAL DEVELOPMENT OF A LOCAL RESEARCH AND DEVELOPMENT CAPABILITY AS

THE PARTICULAR APPLIED TECHNOLOGIES TO BE USEFULLY

FOR

IN

CIRCUMSTANCES OF HONG KONG'S INDUSTRIAL ENVIRONMENT.

IMPROVE THE RESEARCH AND "THE GOVERNMENT IS THUS SEEKING TO DEVELOPMENT CAPABILITIES OF TERTIARY EDUCATION INSTITUTIONS.

"THE FUNDING FOR RESEARCH PROJECTS FOR rt HE SAID. HAS BEEN PLANNED FOR US$53 MILLION,

THE 1992-95 TRIENNIUM

AN

то MAINTAINING TO FUNCTION EFFICIENTLY

MR BARMA SAID THE GOVERNMENT WAS DEDICATED ENVIRONMENT IN WHICH BUSINESS WOULD BE ABLE AND PROSPER.

/HE SAID