August 14, 2006
Currently seeking investors, the Pingtung Agriculture Science Park (PASP) has dispatched a team to northern Taiwan to promote new incentives to attract companies.
It is hoped that a "Morris Chang of the biotechnology world" can emerge to help establish a leading agricultural biotechnology industry in Taiwan, said Su Chia-chuen, minister of the Council of Agricultural Affairs, referring to the chairman of the world-leading Taiwan Semiconductor Manufacturing Corporation.
The PASP was formed in 2003 by the Council of Agriculture in light of the positive prospects for agricultural biotechnology and the biotech industry as a whole. The park has been conceived as an
R&D base to promote the development of an agricultural biotech industry in Taiwan. 43 companies have already been approved to enter the park.
Incentives offered by the PASP currently include advance rent exemptions for companies entering the park, special low-interest loans, tax incentives, simplified customs procedures, and personnel training and subsidies for technology innovation and research. In addition, the park is offering "single window" services, which simplify procedures on obtaining licensing and permits for the convenience of tenant companies.
According to PASP officials, factory spaces for the first phase of construction are currently full, and construction for the second phase – scheduled from 2007 to 2009 -- will include multi-level standard factories, experimental farms, water purification stations, facilities to perform transgenosis, a low temperature storage center, and a customs goods center.
(Central News Agency)
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