Tai­wan to in­vest NT$36 bil­lion in Pro­duc­tiv­ity 4.0

The China Post - - TAIWAN BUSINESS -

The gov­ern­ment is plan­ning to spend NT$36 bil­lion (US$1.12 bil­lon) over the next nine years as part of its Pro­duc­tiv­ity 4.0 pro­ject to el­e­vate Tai­wan’s sta­tus in the global sup­ply chain, Pres­i­dent Ma Ying-jeou said Fri­day.

Over the pe­riod, the gov­ern­ment will spend NT$ 4 bil­lion each year on elec­tron­ics/ in­for­ma­tion tech­nol­ogy, met­als, trans­porta­tion, ma­chin­ery, food­stuffs, tex­tiles, dis­tri­bu­tion and agri­cul­ture, help­ing to build smart fac­to­ries to re­al­ize mas­sive but diver­si­fied pro­duc­tion, Ma said.

It is hoped that by 2024, the per capita pro­duc­tiv­ity of Tai­wan’s man­u­fac­tur­ing in­dus­tries will have grown 60 per­cent com­pared with last year to NT$10 mil­lion, said the pres­i­dent.

The com­mer­cial sec­tor is ex­pected to at­tain per capita pro­duc­tiv­ity growth of 40 per­cent by 2024, which will amount to NT$2.3 mil­lion, while the tar­get for the agri­cul­tural sec­tor is 70 per­cent growth, bring­ing its per capita pro­duc­tiv­ity to NT$2 mil­lion, Ma said.

The United States, Ger­many and Ja­pan have all taken mea­sures to at­tract and re­tain high­end man­u­fac­tur­ing on home soil and Tai­wan is also work­ing to­ward that goal so as not to fall be­hind it com­peti­tors, the pres­i­dent told vis­it­ing Har­vard Univer­sity Pro­fes­sor Dale Y. Jor­gen­son.

Jor­gen­son, a neo­clas­si­cal economist who re­ceived the pres­ti­gious John Bates Clark Medal of the Amer­i­can Eco­nomic As­so­ci­a­tion in 1971, is in Taipei to de­liver a key­note speech at an Asian con­fer­ence on pro­duc­tiv­ity.

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