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Gov`t Fostering Five Trillion Industries in Industrial Development Roadmap
2007/11/12
Taipei, Nov. 12, 2007 (CENS)--The government will foster the development of five trillion industries, in a bid to boost the per capita income to US$30,000 by 2015, according to the industrial development roadmap to be presented by the Ministry of Economic Affairs (MOEA) during the national industrial development meeting inaugurated today (Nov. 12).
The five trillion industries will form the core of the roadmap for Taiwan`s industrial development prior to 2015, namely semiconductor, flat panel display, petrochemical, steel, and machinery, which will be supplemented by the development of biotech, photovoltaic, digital-content, and communications industries, in order to alleviate the reliance on a few specific industries. Of the five core industries, annual output value of semiconductor and flat panel display has topped NT$1 trillion, which the government will seek to double.
Chen Chao-I, director general of the Industrial Development Bureau, MOEA, noted that in addition to the stable outlook of the semiconductor and flat panel display industries, it`s only matter of time for the petrochemical, steel, and machinery industries to see their output value exceeding NT$1 trillion, forecasting that output value of the machinery industry will hit NT$1.5 trillion by 2015.
To overcome the environmental blockade for steel and petrochemical industries, the MOEA will cement consensus in the meeting seeking adequate expansion of the two industries, by pushing materialization of several on-going mega projects, including renovation of the "Third Naphtha Cracking" complex of CPC Taiwan and construction of the Kuokuang petrochemical project. Development of the two industries, however, will aim at meeting domestic needs.
MOEA officials noted that despite high resource consumption, adequate expansion of steel and petrochemical industries is essential for the nation to achieve the goal of boosting per capita GNP to US$30,000 by 2015.
To foster the development of the photovoltaic industry, the government, in addition to development of supply capacity for silicon material, will subsidize installation of photovoltaic facilities domestically.
Meanwhile, the government will build up testing facilities for next-generation wireless broadband technology WiMAX and assist the development of smart robots by forming integrated development strategy covering ICs design and the production of core tool components, such as recognizing sensing component.
With development of the cutting-edge industries, the MOEA seeks to boost the added-value rate for the manufacturing industry to 25%, from 20.8% now, by 2015, when the nation`s GDP will top NT$20 trillion.
(by Philip Liu)
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