Five innovative industries to create high-quality jobs

  • Date: 2016-06-15
  • Source: Department of Information Services, Executive Yuan

Premier  Lin  Chuan  met  with  a  group  of  prominent  business  leaders  today  to  talk  about  a  government  project  on  five  innovative  industries,  which  aim  to  drive  the  next  generation  of  businesses  in  Taiwan.

Speaking  at  the  Third  Wednesday  Club  in  Taipei,  Premier  Lin  said  Taiwan’s  industries  require  more  investment  to  be  continually  innovative,  to  expand  and  to  create  new  opportunities.  The  five  industries  project—biomedicine,  an  Asian  Silicon  Valley,  intelligent  machinery,  green  energy  technology  and  national  defense—will  grow  new  businesses  and  improve  Taiwan’s  overall  environment  by  creating  a  cluster  effect  that  links  local  and  global  industries.

Regarding  industrial  competitiveness  and  investment  issues,  Premier  Lin  said  Taiwan’s  lackluster  economy  has  stifled  investment  opportunities,  and  with  limited  government  budgets,  the  private  sector  must  play  the  larger  role  in  investments.  If  a  company  has  an  idea  worth  developing,  the  government  will  work  with  it  and  solve  problems  together.  The  government  exists  to  sustain  Taiwan’s  industrial  competitiveness  and  forge  a  prosperous  future  for  the  nation’s  businesses.  

As  for  social  housing  policies,  Premier  Lin  indicated  that  the  government  is  obligated  to  provide  a  dignified  living  environment  and  create  a  housing  market  with  integrated  resources.  As  such,  the  government  will  build  social  housing  units  for  young  people,  especially  new  graduates.  When  these  people  are  financially  independent  after  three  to  five  years,  they  can  leave  the  units  for  others.  At  present,  the  social  housing  units  are  only  for  rental  purposes,  not  for  sale.

Under  social  housing  policies,  the  central  government  sets  regulations  and  provides  land  and  resources,  while  local  governments  propose  management  projects,  build  the  houses,  and  decide  on  the  percentage  of  houses  for  young  people  or  the  disadvantaged.  The  premier  assured  that  social  housing  policies  will  not  affect  the  real  estate  market  as  there  are  only  200,000  social  housing  units,  accounting  for  2.5  percent  of  the  total.  Rather,  the  policies  focus  on  elevating  the  living  standards  of  young  people  who  have  just  entered  the  labor  market.

Regarding  the  Industry  4.0  project,  Premier  Lin  said  the  National  Development  Council  is  currently  drafting  long-term  plan  to  attract  talent,  create  a  thriving  working  environment,  and  infuse  companies  with  more  innovation,  entrepreneurship  and  young  workers.  Taiwan  must  also  cultivate  a  strong  software  industry,  without  which  it  would  be  difficult  to  build  a  highly  intelligent  Industry  4.0  infrastructure.  The  government  is  endeavoring  to  make  Taiwan’s  software  industry  globally  competitive  by  providing  research  and  development  resources  and  removing  barriers.

Speaking  on  the  “New  Southbound  Policy,”  Premier  Lin  reiterated  that  the  government  has  not  given  up  on  economic  ties  with  mainland  China  but  is  developing  comprehensive  connections  to  support  Taiwan’s  open  economy.  Aside  from  encouraging  businesses  to  invest  in  the  Southeast  Asian  region,  the  southbound  policy  is  aligned  with  Taiwan’s  economic  and  industrial  strategies.  Specific  policies  include  enhancing  people-to-people  exchanges  to  attract  talent  from  this  region,  or  providing  language  training  for  second-generation  immigrants  so  they  can  return  to  their  origin  countries  for  businesses  and  other  exchanges.  Some  companies  have  even  recruited  foreign  students  for  work-study  programs  in  Taiwan,  which  builds  the  company’s  reputation  in  the  foreign  country  and  benefits  Taiwan  at  the  same  time.

As  for  promoting  cultural  creativity  in  industries,  Premier  Lin  hoped  all  companies  can  infuse  more  local  culture  into  their  businesses.  Taiwan  already  has  the  finest  Chinese  culture  in  the  world  and  there  is  no  need  to  argue  over  whether  or  not  to  eliminate  Chinese  culture  from  Taiwanese  businesses,  he  said.  The  government  encourages  businesses  such  as  agricultural  processors  and  restaurants  to  add  value  to  their  offerings  by  taking  advantage  of  their  unique  local  characteristics.

The  premier  also  responded  to  concerns  about  energy  prices,  saying  that  the  government  has  been  in  discussions  with  Taiwan  Power  Co.  about  adjusting  prices  for  biogas  generated  electricity.  Taiwan’s  pig  farms  are  large  enough  that  they  can  use  biogas  electricity.  In  the  future,  the  pig  farming  industry  will  be  modernized  not  only  in  feeding  and  sales  procedures,  but  also  in  electricity  generation.