EPZs spur robust economic investment in Taiwan

2015/08/31

Taiwan’s export processing zones attracted investment of NT$179 million (US$5.5 million) and created 70 jobs this month, further bolstering the local economy, according to the Ministry of Economic Affairs Aug. 27.

Of the five new projects, the largest investment of NT$65 million aims to develop fisheries-related digital contents and creative products. It was made by Tuna House Trading Co. Ltd. in southern Taiwan’s Kaohsiung Software Technology Park.

Another major investment in Kaohsiung is a NT$20 million project by Yangxin Advanced Manufacturing at the harborside Linguang campus for 3-D medical instruments and robotic automation.

“Further impetus was provided by the rise of knowledge-based economy in Taiwan,” an official from the MOEA’s Export Processing Zone Administration said. “The fledgling Taichung Software Park, in particular, is receiving considerable heft from the local cultural and creative industries.”

These include NT$36 million by Yong Heng International Enterprise Co. Ltd. for developing health care mobile apps and counseling services; NT$30 million by EMP-Rich Foods Co. Ltd. for e-commerce in pet merchandise; and NT$28 million by Da En Cultural and Creative Co. Ltd. for interior design and landscape planning.

“Given the steady influx of investments, TSP is rapidly shaping up as a major regional hub for information software and digital content providers,” the official said, adding that the central Taiwan facility is expected to link with KSTP and Taipei City’s Nankang Software Park to form an industrial innovation corridor.

“A new wave of growth is projected once the 4.96-hectare TSP complex in Taichung City’s Dali District is completed in 2017,” the official said. “We expect annual production at the park to exceed NT$15 billion and the creation of 5,000 jobs after it comes on line.”

Source: Taiwan Today (http://taiwantoday.tw/ct.asp?xItem=234337&ctNode=413)