BACK IN TAIWAN: The government has approved a total of 40 companies so far this year, which have pledged to invest more than NT$205.7 billion and create 21,200 jobs
Date: Apr 27, 2019
By: Natasha Li / Staff reporter
The Ministry of Economic Affairs yesterday approved five more companies’ applications to invest in Taiwan, with the planned investments estimated to reach more than NT$68.5 billion (US$2.22 billion).
That brings the total this year to 40 companies that have received the green light from the ministry to participate in a three-year action plan that aims to help Taiwanese companies move back and invest in the nation.
The 40 companies have pledged to invest more than NT$205.7 billion, which would create more than 21,200 job opportunities, the ministry said.
As Taiwanese companies are diversifying risks by moving investments back home, the ministry said it is hopeful of achieving its goal of attracting NT$250 billion in total investments by the end of the year, with 40 to 50 companies still awaiting approvals.