Want China Times
Tsai Ing-wen, chair and presidential candidate of Taiwan’s opposition Democratic
Progressive Party, said Thursday that if she is elected, her administration will initiate a project to develop a 1,500-ton submarine prototype next year.
According to the DPP’s plan, the first indigenous submarine would enter service within 10 years, after which Taiwan would go into the mass production of submarines, Tsai said during a news conference.
The submarine project is part of Tsai’s policy to revitalize the defense industry, which aims to create business opportunities worth NT$250 billion (US$7.6 billion) and 8,000 jobs in the aerospace, shipbuilding and information security industries between 2016 and 2020. [FULL STORY]