Electronic component maker Hon Hai Precision Industry Co (
"Chairman Terry Kuo (
Following that meeting, Taipei County officials had arranged for Kuo and his staff to visit some sites for the project, finally selecting the site of the Army Transportation School (
"The army-school site -- which has already been partially relocated -- covers some 20 hectares of land," Lin said.
According to Lin, Hon Hai is planning to spend NT$20 billion (US$585.2 million) on the project and is hoping to secure the land this October.
With the proposed investment expected to create about 1,300 jobs and bring in more than NT$1 billion in annual tax revenues for Taipei County, Governor Su was keen to discuss the proposal with Premier Yu Shyi-kun Monday and arranged an inter-ministerial meeting yesterday morning on ways to resolve the land-use issue, Lin said.
Yesterday's meeting -- chaired by Vice Premier Lin Hsin-yi (林信義) with attendees from the Ministry of Economic Affairs and the Ministry of National Defense -- tentatively concluded to relocate the army school by the end of September. In addition, the relevant government agencies have been urged to finalize all administrative formalities for the site before Oct. 20.
"The government must be very upbeat on the proposed Hon Hai investment," at a time when an increasing number of businesses are moving to China due to cheap land and labor costs there, said Chu Yan-chung (
While local media has also speculated that the Hon Hai plan also incorporates a global research and development center to provide technical support for the group's production lines at home and abroad, a Hon Hai official said the report is far from the truth.
"Our new investment in Tucheng is just in the initial stage of planning and we have yet to decide how much to spend on the project," spokesman Edmund Ding (丁祈安) said. ``Having a research and development center here is a step in the right direction, but not now.''
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