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HKPC Welcomes the Launch of Re-Industrialisation Funding Scheme

(Hong Kong, 28 July 2020) The Hong Kong Productivity Council (HKPC) welcomes the launch of the Re-industrialisation Funding Scheme under the Innovation Technology Fund of the HKSAR Government to provide financial support for manufacturers to set up new smart production lines in Hong Kong. Mr Mohamed Butt, Executive Director of HKPC, said, “Re-industrialisation has brought new opportunities to Hong Kong. HKPC is committed to helping Hong Kong companies to realise re-industrialisation in Hong Kong, by integrating the use of advanced manufacturing technology with its knowledge and experience, in promoting smart production and smart enterprise accumulated in recent years. With the support of the Re-industrialisation Funding Scheme, HKPC is confident of facilitating more local companies to set up new advanced smart production lines in Hong Kong, using technical and funding opportunities for post-epidemic development and to transform their business.”

HKPC in recent years has been bringing in new technologies and world class partnerships to assist Hong Kong companies to move towards high value-added production and gradually upgrade to “Industry 4.0” (i4.0). For example, it has jointly established the Invention Centre (The Hatch) with the Fraunhofer Institute for Production Technology of Germany, the world pioneer of i4.0, to localise technologies relating to i4.0 and assist the industry to accelerate the adoption of innovative industrial technologies, thereby promoting the development of smart industries. Here, artificial intelligence, robotics, data analytics, Internet of Things technologies are applied to provide cost-efficient solutions for companies to realise smart manufacturing. HKPC also offers high-end technology training courses approved under the HKSAR Government’s Re-industrialisation and Technology Training Programme and hosts online webinars or workshops to enrich the practitioners’ industry knowledge and enhance the operating efficiency of the industry as whole.

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