Taiwan invests in bakery sector

- Last updated on GMT

Related tags: Bakery sector, Macroeconomics, Investment

Local reports suggest Taiwan is investing in efforts to significantly boost its bakery industry; promoting innovation and use of local ingredients.

The government wants to drive the output value of the bakery sector by US$133.3m, according to local media outlet The Taipei Times.

In a statement, Taiwan’s cabinet announced plans of a country-wide project to drive innovation across its traditional food industry its main target the bakery sector.

The overall goal is to push the sector to create products unique to Taiwan, it said.

Firm’s will be prompted to utilise certain local food ingredients and aided in production efforts with new brand development strategies under the project.

Related topics: Markets, South Asia, Industry growth, Bakery

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