Taiwanese Makers in China to Return to Invest in Southern Taiwan 2012/10/09 Taipei, Oct.9, 2012 (CENS)--Y.C. Qiu, chief director of Department of Investment Services, Ministry of Economic Affairs (MOEA), says 20 Taiwanese manufacturers in China have expressed strong interest to invest in Taiwan, including Rotam Biotechnology Ltd., an agro-biotechnology firm, having decided to set up in Tainan of southern Taiwan. Decathlon Group, a French sporting goods chain with stores globally, will build a second store in Tainan and gradually set up 10~20 outlets island-wide. Qiu said that the government this year had held investment-promotion seminars in Hsinchu, Hualien and Tainan, and will do so in Kinmen, actively building an investment-promotion platform for central and local governments, delving into local industrial characteristics, and strengthening mutual communication to better attract investment. Qiu says 50~60% of investments in Taiwan involve plant expansion, showing the importance of building mature reinvestment environment. The recently held investment-promotion seminar for Taiwanese makers in China drew 600 attendants, with 20 enterprises having signed investment letter of intent, and Rotam Biotechnology and another maker of household appliance having decided to build plants in Tainan. A letter of intent requires each company to invest at least NT$300 million (US$10 million).(by Andrew Wang)
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