Premier eying bio, information tech. sectors as new growth drivers

Focus Taiwan
Date: 2015/09/09
By: M.J. Lin and Lillian Lin

Taipei, Sept. 9 (CNA) Permier Mao Chi-kuo (毛治國) said Wednesday that he expects the biotechnology and the information technology sectors to work together to become the new engine of the economy.

Speaking at a meeting of the Cabinet’s Bio Taiwan Committee (BTC), Mao projected that the production value of the bio sector alone will reach NT$3 trillion (approximately US$91.7 billion) by 2020.

Cooperation between the bio sector and the electronics and information industries is the key to stimulating Taiwan’s economic growth, Mao said on the last day of the three-day BTC meeting, which was held to discuss the development of industries related to bioeconomy.

The meeting focused on five main bio sectors, namely pharmaceuticals, medical equipment, health care, food processing and agriculture.     [FULL  STORY]