By Natasha Li / Staff reporterThe Industrial Development Bureau (IDB) on Wednesday last week said that up to 32 companies have shown an interest in applying to a governmental program meant to help companies expand their production space at the nation’s industrial zones and science parks. Thanks to a favorable response industry-wide, the Executive Yuan in April approved an expansion of the program so that it now covers government-designated industrial zones and science parks, agriculture zones, biotechnology parks and other industrial areas not subject to urban planning regulations. The bureau said that applications from four companies are under review, while another two are awaiting review. The companies being reviewed plan to invest up to NT$11.7 billion (US$376.44 million), which would provide an estimated 4,300 job opportunities, the bureau said. The Taiwanese manufacturer is making iPhones at its production site on the outskirts of Bangalore, which has the highest concentration of IT companies in the South Asian market.

Source: Taipei Times July 14, 2019 15:56 UTC