Taipei, April 24 (CNA) President Chen Shui-bian encouraged domestic enterprises Thursday to keep their operations in Taiwan while they prepare to enter the global market.
Addressing a gathering in celebration of the 30th anniversary of Kinpo Electronics Group in Taipei, Chen said that his administration will lift all possible barriers to domestic investment and increase construction of public facilities to entice more enterprises to stay in Taiwan.
Chen said that many companies are already setting up shop in Taiwan. As an example, the president pointed to the Dinpu Hi-Tech Industrial Park in Sanshia, which began receiving applications last week. He said that the park has already received more applications to open facilities than there is available space.
The president also praised the Kinpo Group as a model for Taiwan enterprises in terms of its operating style. The conglomerate established its first company in 1973 to produce calculators with only 50 employees, he said, adding that it has now more than 40 enterprises, 24 factories and more than 20,000 employees. The company had an annual output of NT$150 billion (US$3.97 billion) last year.