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Taiwan aiming to sharply increase per capita productivity

Taiwan aiming to sharply increase per capita productivity

Taipei, June 4 (CNA) Vice Economics Minister Shen Jong-chin (???) said Thursday that the government is targeting a 60 percent growth of the per capita productivity of Taiwan's manufacturing industries by 2024. There is an urgent need to upgrade Taiwan's manufacturing industries, and this will be done by implementing a "Productivity 4.0" project, Shen said at a science and technology development strategic conference hosted by the Executive Yuan. He said the government's economic planners are focusing on computers, communication and consumer electronics, machine tools, metal processing, food processing, healthcare, logistics, and agriculture in the implementation of the "Productivity 4.0" project. The aim is to have manufacturing industries attain per capita productivity of NT$10 million (US$323,500) by 2024, a 60 percent increase from the current level, Shen said at the conference, which was titled "Productivity 4.0." The commercial sector is expected to attain per capita productivity growth of 40 percent by 2024, which will amount to NT$2.3 million, while the target for the agricultural sector is 40 percent growth, bringing its per capita productivity to NT$2 million, Shen said. Modeled on the "industrie 4.0" concept in Germany and the automatic manufacturing process (AMP) in the United States, the Cabinet's "Productivity 4.0" project aims to establish an industrial information system that will combine the technologies of internet of things (IoT) and mass database to help industries make production forecasts, achieve zero deficiency, and improve energy efficiency. At Thursday's conference, Vice Premier Chang Shan-cheng (???) raised the issue of labor shortage in Taiwan's manufacturing industries, a problem that he said can be solved though the "Productivity 4.0" project. He also said that industries should place equal emphasis on developing business models as on technological research, and suggested that the government provide assistance to the industries in this regard. (By Lin Meng-jui and Lillian Lin)


Updated : 2021-09-22 14:49 GMT+08:00