The annual production of Taiwan’s textile industry is likely to reach NT $530 billion by 2009.
Taiwan Premier Chang Chun-hsiung on October 26 remarked during a show at National Palace Museum that the Government is all set to invest a sum of NT $27.78 billion in the span of three years for supporting innovation in this sector.
Mr Chang further stated that the textile industry of Taiwan has reached an annual production of NT $460 billion and a yearly trade surplus of over US $9 billion.
In spite of tough challenges faced from the developing countries having cheap labor and threats posed by technological advances of industrialized countries, Taiwan continues to maintain its competitiveness in the world market.
Reports on global textile innovations expect Taiwan to rank sixth in the world and second in Asia during the period of 2007-2011. In context to this, the Government by 2015, aims to make the country a world leader in the supply of innovative and functional textiles.
Taiwan Premier Chang Chun-hsiung on October 26 remarked during a show at National Palace Museum that the Government is all set to invest a sum of NT $27.78 billion in the span of three years for supporting innovation in this sector.
Mr Chang further stated that the textile industry of Taiwan has reached an annual production of NT $460 billion and a yearly trade surplus of over US $9 billion.
In spite of tough challenges faced from the developing countries having cheap labor and threats posed by technological advances of industrialized countries, Taiwan continues to maintain its competitiveness in the world market.
Reports on global textile innovations expect Taiwan to rank sixth in the world and second in Asia during the period of 2007-2011. In context to this, the Government by 2015, aims to make the country a world leader in the supply of innovative and functional textiles.
