Page 9 - 2020 英文版 名廠巡禮

Ministry of Economic Affairs has also visited returning Taiwan businessmen in the hope that it can prioritize the
procurement of Taiwan machinery equipment to solve the machinery industry anxious. In addition, there are
including the Ministry of Labor, Ministry of Education, and Taiwan owned enterprises such as Aerospace Industrial
Development Corp., and China Steel Corp., which are under the jurisdiction of the Ministry of Economic Affairs.
The total amount of equipment to be replaced by old one is NT$ 1.6 billion. At present, it has been implemented
85% of all, for the operation of Taiwan machinery industry it was a small supplement in this year.

The US-China trade war spawned the second major migration of the manufacturing industry, which was “a once-
in-a-lifetime opportunity” for Taiwan machinery and equipment industry. Manufacturing plants which have moved
from the mainland to set up factories in other regions, especially Southeast Asia and India, when they setting up
factories, there will be a demand for purchasing machinery and equipment. Previously, the chaos in the U.S.-China
trade war was unclear, in the atmosphere that the market was still to wait and see. Recently, because the two
parties have signed the first-phase agreement, it increased the confidence of enterprises to continue investing,
and therefore there are huge business opportunities in the future.

In early December 2019, the chairman of Taiwan Association of Machinery Industry, Mr. Pa-Hsi KO, who
personally led a delegation to visit “second production bases” in India and Vietnam. The purpose was to examine
the local machinery and equipment purchase business opportunities, and the feasibility of investing, and setting
up factories. Mr. Pa-Hsi KO, who pointed out that investment in India is mainly focused on India’s vast domestic
demand market. Nowadays Bangalore of India has a machine tool industry, and its machine tool industry is
growing rapidly. India’s current annual output of automobiles is 6 million; the annual output of motorcycle is 20
million; the annual output of three-wheeled vehicles is 3 million; and the domestic production ratio is about 35%,
and the goal is to reach 50%. Mr. Pa-Hsi KO believed that India has a vast population and hinterland, and it will
be the second Mainland China and the second world factory. However, because India ’s infrastructure is relatively
backward, its development speed is slow, and because of cultural barriers, there is no way to confirm the ideas of
Indians. It can be determined that India has a large number of talents and can be used by Taiwan businessmen.
In particular, India’s industrial level is relatively high, and its supply chain is relatively complete, which is suitable
for the machinery industry to go to do marketing business or set up factories.

The grand opening of the world’s largest Machine Tool Show in European “EMO Hannover
2019 Exhibition”, there was crowded with lots of manufacturers, foreign buyers, and visitors.

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