The National Development Council yesterday proposed a series of policies aimed at boosting private investment in Taiwan.
The council’s report to parliament’s economics committee included a series of initiatives focused on three areas: stimulating industrial investment opportunities, ensuring an abundant supply of industrial talent, and promoting investment in national infrastructure and several key industries.
The report comes after the General Bureau of Budget, Accounting and Statistics (DGBAS) predicted that Taiwan’s private investment growth could reach 1.52 percent this year as local semiconductor companies expand their research and development and production processes.
Photo: Wu Xin-tian, Taipei Times
The DGBAS forecast assumes that companies will continue to invest in renewable energy and carbon-reduction equipment towards net-zero targets, the council said.
The council said policies to stimulate investment opportunities include promoting the development of key industries and small and medium-sized enterprises, as well as building an ecosystem for innovation and entrepreneurship.
Consulting services and mentoring for new start-ups will also be provided, while the Ministry of Digital Affairs will allocate NT$10 billion (US$307.17 million) to support local digital industry-related projects.
Meanwhile, efforts continue to relax rules on work permits, residence, taxation and social security to attract and retain international talent to work in Taiwan, the council said.
The meeting said measures would be taken to enhance the effective utilization of national resources through financial assistance and the issuance of real estate investment trusts to encourage private companies to invest in national infrastructure and key industries.
He also said the government will continue to strengthen the country’s investment environment while building on existing strengths in semiconductors and information technology to promote Taiwan’s economy.
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