Focus Taiwan
Date: 2019/05/09
By: Liao Yu-yang and William Yen
Taipei, May 9 (CNA) A government goal to attract NT$250 billion of investment from overseas Taiwanese firms returning to the country in one year has been doubled to NT$500 billion, after nearly NT$280 billion of investments were pledged as of Thursday, according the Ministry of Economic Affairs (MOEA).
In an MOEA released video, President Tsai Ing-wen (蔡英文) announced the new target of NT$500 billion, after five more firms pledged investments, with the cumulative total reaching NT$279.5 billion since the “Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan” was launched at the start of the year.
The five latest companies — vacuum and coating firm Univacco, home furnishings distributor Sheen World Technology Corp., and an undisclosed electronic key component manufacturer, an electronic components factory, and a high-precision metal components factory — are expected to invest close to NT$40 billion and create more than 4,000 new jobs, the MOEA said.
Among them, Univacco, which is marketed in over 60 countries, plans to expand its production scale in Taiwan with an initial investment of NT$800 million. That will create 35 domestic job opportunities, the MOEA said. [FULL STORY]
