Chung-Hwa Railway Industry Development Association (CRIDA) established in 1997, it consists of some 90 member companies, including rolling-stock, power supply, signaling, track work and other railway industry related companies in Taiwan. With the full support of government through project base financing as well as policy wised encouragement, CRIDA has been actively assisting government in the promotion of major railway construction programs and to assist local industries in the advancement of railway technologies, which has contributed tremendously to the development of local railway industry and the increasing share of the local production.
The railway industry in Taiwan is still flourishing, the conventional rail replacement is going on, the Taiwan high speed rail is scheduled to operated in 2007 while the mass rapid transit systems in both Taipei and Kaohsiung are being extended, furthermore. It is envisage that the domestic railway market shall grow in a faster pace in the next ten years. The challenge ahead, still, is to elevate the overall railway technology locally in order to ensure the long lasting development of the Taiwan railway industry, which, a goal for CRIDA and its member companies.