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TAIWAN TO INVEST US$2.6 BLN TO UPGRADE HEALTH CARE INDUSTRY.
TAIPEI, May 1 Asia Pulse - The government will invest NT$86.4 billion (US$2.59 billion) over the next four years to upgrade the health care industry, Department of Health (DOH) Minister Yeh Ching-chuan said Thursday.
Yeh made the announcement at a news conference held after a weekly Executive Yuan meeting in which the four-year investment project was approved.
According to Yeh, the investment project is aimed at raising the the health care industry's production value by an estimated NT$346.4 billion by 2012 and creating an additional 310,000 jobs during the four-year period.
Noting that health care services are one of six emerging industries that the government is promoting, Yeh said the government move is not aimed at boosting the gross domestic product but rather at enhancing the people's well-being and benefiting society.
The new investment project will cover three categories -- medical care and long-term care in the service category; health care, intelligent medicine, medical service globalization and public health and safety in the category of value-added industries; and biotechnology development in the manufacturing category, Yeh explained.
The most noteworthy feature of the package lies in the development of intelligent medicine, Yeh said, adding that Taiwan, given its competitive edge in the information technology industry, stands a good chance of success in this field.
Under the new investment project, the government plans to spend NT$1.4 billion on digitizing medical examination reports, anamnesis and medical imaging within five years, establishing an image exchange and sharing center in two years and issuing second-generation smart health insurance cards.
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Source: HighBeam Research, TAIWAN TO INVEST US$2.6 BLN TO UPGRADE HEALTH CARE INDUSTRY.