Back to list

Economics ministry highlights 10 sectors in need of upgrading

2012/06/29 18:18:11

Taipei, June 29 (CNA) The Ministry of Economic Affairs is planning to help upgrade 10 industries in the manufacturing and service sectors by improving their technologies and design capabilities to boost the value-added of their products.

The ministry said in a statement released Thursday that old economy manufacturers lacked the ability to create brand value while the service sector was plagued by low productivity and inadequate marketing capabilities, pointing to an urgent need to become more innovative and generate greater value-added.

Eight manufacturing sectors in Taiwan were singled out for the plan aimed at nurturing brands and encouraging innovation, including the apparel, LED lighting, bioplastics, smart appliances and sanitary ware industries.

The ministry will also target the logistics and food industries in the service sector. It pledged to help logistics providers improve their storage and refrigeration technologies and assist food vendors by promoting local foods and cultivating chain restaurants.

The ministry said it will also help businesses in the 10 sectors introduce information and communication technology applications, develop innovative technologies, improve their operations, and create their own brands.

(By Huang Chiao-wen and Scully Hsiao)