A Taiwan delegation assembled by the Department of Investment Services (DOIS) met with potential investors in Indonesia on Wednesday as part of Taiwan's efforts to increase investments from Southeast Asia.
Under Taiwan's "new southbound policy," representatives from 19 Taiwanese companies are attending a DOIS investment seminar in Jakarta, along with several Taiwanese investors based in Indonesia.
The 19 Taiwanese companies represented are from the textile, machinery, sports equipment, foods and metal industries, among others, and are eager to find business partners in Indonesia, according to the DOIS, which is a unit within the Ministry of Economic Affairs.
DOIS Director-General Lien Yu-ping (???) invited Indonesia-based Taiwanese investors to get on board the Taiwan government's southbound policy.
The new southbound policy initiated by the Democratic Progressive Party government that took office on May 20, is aimed at building more and closer ties with business partners in the region.
It includes a plan to make the Association of Southeast Asian Nations (ASEAN) an extension of Taiwan's domestic market and to reduce dependence on China.
Addressing potential investors at the seminar, Lien said the Taiwan government is working to strengthen the country's industrial development, particularly in the biotech, Internet of Things and smart machinery sectors.
Taiwan also has an ambition to build itself as the Silicon Valley of Asia, Lien said.
These efforts are expected to create tremendous business opportunities for investors outside Taiwan and lay the foundation for close partnerships between Taiwan and members of ASEAN, she said.
As part of the effort, Taiwan has launched a website called "Contact Taiwan" to recruit talent from Southeast Asian countries, Lien said.
In addition, she said, Taiwan has signed memoranda of understanding with several major universities in Indonesia and with the alumni associations of Indonesians who studied in Taiwan.
Meanwhile, head of the National Development Council (NDC), Chen Tain-jy (???), said Thursday in Taipei that the booming Southeast Asian market has great potential and is worthy of exploration by Taiwanese exporters. Taiwan's new southbound policy also encourages exploration of the New Zealand and Australian markets.
Source: Focus Taiwan News Channel