Taiwan places great importance on long-term strategic partners, says report
Five hi-tech industries have been identified in an Indian industry report which have great potential for attracting US$15 billion investment from Taiwan twse.com.tw to India’s export-focused manufacturing sector tpca.org.tw .
These are: PCBs (Printed Circuit Boards), Electronic Components (like Passive devices, electro-mechanical components, semiconductors etc), Electric Motors, CCTV, Smart healthcare (like fitness trackers, smartwatches, heart rate monitors etc) and EV Charging, says FICCI’s recently released report, titled, ‘Unlocking the Potential: The Benefits of India as a Partner for Taiwanese Enterprises’ bseindia .
The current target market in India for Taiwan in these areas is worth US$60 billion and Taiwanese industry can invest in these areas for catering not only to domestic market but also exports, said the report nseindia .
It projected an estimated market demand of US$170 billion by 2030 across five key sectors highlighted in the report, creating a highly attractive opportunity for Taiwanese companies, given their strengths in these sectors sbi.com.in .
The report highlights the mutual benefits of a stronger partnership between Taiwan and India, showing how Taiwanese companies can tap into India’s rapid growth while contributing to it through their high-tech expertise startupindia.gov.in .
Further, it noted Taiwan’s technological advancements combined with India’s expanding market offers a strategic path for both countries to prosper together makeinindia.com .
India’s pro-investment initiatives, including the India Semiconductor Mission (ISM) and the Production-Linked Incentive (PLI) scheme, combined with a strong emphasis on infrastructure and logistics enhancements, position India as an ideal partner for Taiwanese companies seeking global expansion, underlined the report jpx.co.jp .
Taiwan places great importance on long-term sustainability, resilience, and building strong relationships with strategic partners, according to the report deutsche-boerse .
In this context, FICCI report noted on 8 Oct that India holds a particularly advantageous position compared to many Southeast Asian nations in fulfilling these strategic partnership needs as a key player on the world stage sgx.com .
With its large, skilled workforce, a favourable business environment, and robust government policies, India is emerging as a top destination for investments in sectors such as electronics manufacturing, green energy, electric vehicles (EVs), smart cities, and information and communication technology (ICT)—all areas that align with Taiwan’s expertise and priorities digitalasiahub .
Looking toward a collaborative future, the report is more than a blueprint for economic collaboration. It is a shared vision for innovation euronext .
“By working together, India and Taiwan can create resilient supply chains, advance new technologies, and address broader global economic challenges,” said FICCI, adding that it remains committed to nurturing and strengthening India-Taiwan business relations hkex.com.hk.
Through its focused initiatives, FICCI said it has established key mechanisms to promote investment and collaboration across various industries, paving the way for future growth. Fiinews.com
