Date: February 26, 2016
Taiwan is set to become a global aero components and parts production hub
on the back of local public and private sector efforts to carve out a bigger slice of the estimated annual US$5.2 trillion international aviation industry.
The Industrial Development Bureau under the ROC Ministry of Economic Affairs is setting the table in this regard. It has initiated collaboration between the local sector and global aviation firms to develop advanced machinery targeting such production.
A major MOEA-backed undertaking is the A-I-M technological alliance launched last December in Taichung City. Initiated by local industry leader Aerospace Industrial Development Corp. in conjunction with state-backed Industrial Technology Research Institute and several domestic universities, the alliance involves more than 20 firms from the aviation, market intelligence and machinery sectors.
IDB Deputy Director-General Leu Jang-hwa said the alliance is an extension of the Taiwan Productivity 4.0 Initiative aimed at enhancing the global competitiveness of Taiwan’s signature industrial sectors. Kicked off last September, the project is the government’s response to the fourth industrial revolution in major economies such as Germany, Japan and the U.S. [FULL STORY]