XN000022-1992-02-25 — Page 6

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TUESDAY, FEBRUARY 25, 1992

THE HKIB WAS ESTABLISHED IN JUNE 1988 AS THE FIRST NON-PROFIT ORGANISATION IN HONG KONG WITH THE AIM OF MEDIATING BETWEEN THE ACADEMIC INSTITUTIONS, GOVERNMENT AND THE PRIVATE SECTOR, IN ORDER ΤΟ CONDUCT BIOTECHNOLOGY RESEARCH AND DEVELOPMENT, ASSIST COLLABORATIVE VENTURES AND PROMOTE THE BIOTECHNOLOGY INDUSTRY IN HONG

KONG.

IN

IN ITS FIRST THREE-AND-A-HALF YEARS, THE HKIB HAD MADE EXCITING PROGRESS IN ACHIEVING ITS AIMS. IT HAD ALSO PROVIDED THE ENVIRONMENT IN WHICH EXPERTISE AND RESOURCES COULD BE COMBINED CREATIVELY то DEVELOP PRODUCTS AND PROCESSES RELEVANT TO HONG KONG, THE CHIEF SECRETARY SAID.

THE HONG KONG JOCKEY CLUB DONATED $170 MILLION TO BUILD THE BUILDING COMPLEX WHICH WAS OPENED TODAY.

THE SUM NOT ONLY COVERS THE FULL CONSTRUCTION COST OF THE COMPLEX AND ITS EQUIPMENT AND FACILITIES, BUT ALSO PROVIDES FOR THE RECURRENT EXPENSES OF THE INSTITUTE FOR THE FIRST FEW YEARS.

SUCCESS OF GARMENT INDUSTRY DEPENDS ON ABILITY TO COMPETE: STI

THE FUTURE SUCCESS OF THE LOCAL GARMENT INDUSTRY WILL DEPEND NOT ONLY ON EXTERNAL FACTORS BUT ALSO ON HONG KONG'S ABILITY TO COMPETE EFFECTIVELY IN BOTH EXISTING AND NEW MARKETS, THE SECRETARY FOR TRADE AND INDUSTRY, MR T.H. CHAU SAID.

SPEAKING AT THE ANNUAL SPRING DINNER OF THE FEDERATION OF HONG KONG GARMENT MANUFACTURERS THIS (TUESDAY) EVENING, MR CHAU SAID THE GOVERNMENT IS SUPPORTING MANUFACTURERS' EFFORTS THROUGH ITS INDUSTRIAL SUPPORT AGENCIES, NOTABLY THE CLOTHING TECHNOLOGY DEMONSTRATION CENTRE.

THE CENTRE, WHICH WAS ESTABLISHED BY THE HONG KONG PRODUCTIVITY COUNCIL AND THE CLOTHING INDUSTRY TRAINING AUTHORITY IN 1990, SETS OUT ΤΟ SHOW WHAT CAN BE ACHIEVED THROUGH THE USE OF MODERN MACHINERY AND PRODUCTION METHODS.

SAID.

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"THE RESPONSE FROM INDUSTRY HAS BEEN ENCOURAGING, MR CHAU

"NEW TECHNOLOGY IS ONE TOOL WHICH COMPANIES ARE INCREASINGLY USING TO IMPROVE THEIR COMPETITIVENESS,' HE ADDED.

"I

MR CHAU SAID CONSULTANTS ARE NOW FINALISING THE REPORT OF A TECHNO-ECONOMIC AND MARKET RESEARCH STUDY ON HONG KONG'S CLOTHING AND

TEXTILES INDUSTRIES.

THE STUDY'S RECOMMENDATIONS WILL HELP THE NEWLY ESTABLISHED INDUSTRY AND TECHNOLOGY DEVELOPMENT COUNCIL TO ADVISE THE GOVERNMENT ON HOW BEST TO FOCUS ITS SUPPORT IN THIS AREA, HE SAID.

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