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Taiwan starts a new concept – protected areas for international investors in India – the Taiwan Parks
It is an interesting effort to protect Taiwanese investors in India so that outsourcing can be done in confidence. This can boost trade by many folds.
The Taiwanese government plans to join forces with private investors in setting up "Taiwan parks" in India and East Europe to facilitate local companies'' globalization drive, the nation's top economic planner said Wednesday.
Hu Sheng-cheng, chairman of the Council for Economic Planning and Development (CEPD), said in an interview with CNA that the government's participation can help Taiwan investors receive better protection in the host countries.
In addition to offering updated market information, Hu said the government would be willing to assist prospective "Taiwan parks" investors in gaining access to bank loans or financing.
Hu said Taiwan and India can complement each other in information-technology industry development, as India has a booming computer software industry while Taiwan is strong in hardware production.
According to Hu, the CEPD is working on a comprehensive plan to encourage private investors to join forces with the government in building "Taiwan parks" in India to facilitate local companies'' investment in that country, which boasts a vast domestic market.
Meanwhile, Hu said the government is also planning to lead local entrepreneurs to set up one or more "Taiwan parks" in a selected East European country or countries. The plan is still in the works and will be unveiled later this year, he added.
Touching on a sharp decline in the nation's foreign trade surplus in the first seven months of this year, Hu said the exodus of manufacturing companies to China has been seen a major contributing factor to that downward movement.
While China has cheap labor, Hu said it has been lax in intellectual property rights protection. He reminded Taiwan companies with interests in China to keep alert about the possibility of their core technology being stolen by Chinese competitors.
Hu also urged local companies to think globally while launching investment projects. "Concentrating investments in China is risky, " he cautioned.
Hu further said the nation's foreign trade surplus is not expected to drop further as the second half of the year has traditionally been an export boom season. The dramatic drop in trade surplus in the first half mainly resulted from soaring oil prices and the delivery of new aircraft ordered by two carriers -- China Airlines and EVA Airways.
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