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NEW AGRI-BIOTECH PARK LAUNCHED IN TAIWAN.

AsiaPulse News

| March 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TAIPEI, March 1 Asia Pulse - Taiwanese President Chen Shui-bian has presided over a groundbreaking ceremony to launch a national agricultural and biotechnology park in southern Pingtung County.

Chen said about 30 companies are planning to open up shop in the park this year, creating about 8,000 job opportunities in the initial stage and another 25,000, following its completion.

According to Vice Premier Lin Hsin-i, the government has allocated NT$20 billion (about US$600 million)to establish five such parks across Taiwan in the next six years, including this one in Pingtung, which will cost NT$12.6 billion, or 60 per cent of the total budget.

For the time being, 12 companies have been approved to set up operations in the Pingtung park, which Lin called a milestone in Taiwan's agricultural development.

Chen described the park as laying a solid foundation for building Taiwan into a value-added innovation and development center.

Chen voiced the hope that the park will upgrade the country's ...

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Source: HighBeam Research, NEW AGRI-BIOTECH PARK LAUNCHED IN TAIWAN.

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