Taipei, Jan. 10 (CNA) Seventeen Taiwanese enterprises will receive the "Taiwan Golden Root Award, " to be presented by the Taiwan Industrial Technology Association (TITA) , Jan. 13 for their contribution to Taiwan, TITA announced in a press conference Tuesday.
Prominent companies including Tatung System Technologies and the Advanced Semiconductor Group are among nine recipients of the Enterprise category. The Small and Medium-Sized Enterprise category honors six small companies, while the Infinite Group was the sole recipient in the Special Contribution category.
"The award, which is in its fourth year, honors companies that have become role models for Taiwanese business management. Most of all, this award wants to promote the concept of 'Cultivate Taiwan. Global Configuration, ' and 'Putting Taiwan's interests first, ' " said TITA Chairman Huang Der-ray.
One of the most important criteria for award entrants is that they must have their headquarters in Taiwan, Huang said.
To win an award, an applicant should also be financially healthy, making a contribution to Taiwan's economy and technology and increase local employment, Huang said.
"With the industrial exodus phenomenon peaking in recent years, local business has been filled with frustration. We want to boost the self-confidence of Taiwanese enterprises, " Huang said.
"The ideas we advocate conform to the policy finetuning of 'Proactive management and effective opening' described by President Chen in his New Year message. We believe these ideas can prevent Taiwan from the disaster of industrial hollowing-out, " Huang said.
The presentation ceremony will be held at the Taipei Grand Hotel with former President Lee Teng-hui among VIP guests.