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310.
The Foreign Investment Promotion offices conducted
solicitation and advertisements to invest, and to move plants or
start new plants. Through the Promotion Center, tax relief or tax
deferrals were arranged for given periods. When necessary, the
agencies subsidized plant construction, the training of local
labor, and most, important of all, simplifying and expediting all
levels of governmental approvals. In short, the Foreign Investment
Promotion staff lent assistance to the incoming firm at all
important stages from initial survey to production start up. In
some cases lines of credit, and loans were made available from
financial institutions which were associated with the Investment
Promotion agencies. The Foreign Investment Promotion Center
concept in the late 1950s thus incorporated the most successful
operational and staff features of these early programs.
311.
Marshall Plan Technical Assistance was offered to
interested countries who wished to establish a Foreign Investment
Promotion Center. 83 Full organizational details, staffing plans,
and operational procedures were suggested for country
consideration, modification, and acceptance.⁸⁴ Both long-term and
short-term assistance of U.S. consultants with experience in these
fields were made available to help start up these Investment
Promotion Centers and to provide training for nationals. Technical
⁸³ICA, Regional Workshop Conference on Industrial Development,
Taipei, 1959.
⁸⁴ICA, The All India Investment Center, A Public Service
Division of the ICICI, Washington, 1959.
167
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"ocrText": "310.\nThe Foreign Investment Promotion offices conducted\nsolicitation and advertisements to invest, and to move plants or\nstart new plants. Through the Promotion Center, tax relief or tax\ndeferrals were arranged for given periods. When necessary, the\nagencies subsidized plant construction, the training of local\nlabor, and most, important of all, simplifying and expediting all\nlevels of governmental approvals. In short, the Foreign Investment\nPromotion staff lent assistance to the incoming firm at all\nimportant stages from initial survey to production start up. In\nsome cases lines of credit, and loans were made available from\nfinancial institutions which were associated with the Investment\nPromotion agencies. The Foreign Investment Promotion Center\nconcept in the late 1950s thus incorporated the most successful\noperational and staff features of these early programs.\n311.\nMarshall Plan Technical Assistance was offered to\ninterested countries who wished to establish a Foreign Investment\nPromotion Center. 83 Full organizational details, staffing plans,\nand operational procedures were suggested for country\nconsideration, modification, and acceptance.⁸⁴ Both long-term and\nshort-term assistance of U.S. consultants with experience in these\nfields were made available to help start up these Investment\nPromotion Centers and to provide training for nationals. Technical\n⁸³ICA, Regional Workshop Conference on Industrial Development,\nTaipei, 1959.\n⁸⁴ICA, The All India Investment Center, A Public Service\nDivision of the ICICI, Washington, 1959.\n167"
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