News
Inbound FDI up 125% in 1Q22
By ECCT staff writers
According to the statistics reported by the Ministry of Economic Affairs’ Investment Commission, 562 foreign direct investment (FDI) projects with a total value of US$2.747121 billion were approved from January to March 2022. This represents a decrease of 15.36% in the number of cases, but an increase of 125.61% in FDI amount compared to the same period of 2021.
The surge in FDI came after Denmark-based energy developer Copenhagen Infrastructure Partners (CIP) applied to invest NT$10.56 billion (US$360.9 million) in CI Changfang Ltd (哥本哈根基礎設施彰芳), which develops offshore wind energy in Changhua County, according to the commission.
In addition, an application by Hitachi was approved to purchase a further 29% stake in elevator maker Yungtay Engineering Co (永大機電) for NT$24.67 billion, which would represent a full acquisition of the Taiwanese company by Hitachi.
