India-Taiwan: healthy trade relationship
There are huge opportunities for Taiwanese companies in India which embarks on creating economies of scale, a senior industry official said on 30 July 2019.
“India brings ample opportunities for Taiwanese industries including consumer durable, consumer appliances, smart living spaces, supply chain and electric mobility,” elaborated Manish Sharma, Co-Chair, FICCI Electronics and White Goods Manufacturing Committee
He as speaking at 18th Joint Meeting of India-Taiwan Business Cooperation Committee, organised by FICCI, jointly with Chinese International Economic Cooperation Association (CIECA).
Taipei Economic and Cultural Centre in India (TECC) representative, Chung-Kwang Tien, pointed out that trade relationship with India has taken an upward trajectory touching US$7.5 billion in 2018 and can be further strengthened.
Tien also applauded India’s successful lunar mission Chandrayaan-2.
“It is a clear demonstration of your space technology. Now India will rank among the four countries who did soft-landing on the lunar surface.
“The success of the launch of Chandrayaan-2 is attributed to two factors – one is faith, the second is fearlessness,” he said.
While calling for higher trade and investment relationship, Tien highlighted, “The good thing about our trade is not only the number but it is important that it is very balanced and thus we have a healthy trade relationship.”
Steve Hsieh, Leader of the CIECA delegation and CEO, Taiwan Lottery, noted India’s focus on electric vehicles and smart cities among some of the major developments in India. fiinews.com
