• News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
BW Businessworld

Taiwan Companies Keen To Set up Manufacturing Units In India

Taiwan exports USD 6.2 billion worth of goods to India, while it imports USD 2.7 billion worth of goods from India

Photo Credit : Representative image


Taiwan-based companies would be eager to set up manufacturing facilities in India as the supply chain between the two countries gets robust, said Estela Chen, Executive Director, Economic Division of Taipei Economic & Cultural Center – India. 

“The recent investment by Taiwanese companies in India is just the beginning for bilateral trade and investment flows,” she said while speaking at MVIRDC World Trade Center (WTC) Mumbai on the sidelines of the Taiwan Expo 2022. 

Highlighting language and cultural barriers as the biggest challenges for India-Taiwan trade and investment, Chen said that in recent years, we have seen many collaborations between Taiwanese companies and Indian start-ups in different technological sectors like semiconductors and aerospace.

Vijay Kalantri, Chairman, MVIRDC WTC Mumbai pointed out, “India and Taiwan share common values of democracy and rule of law. To address language and cultural barriers, we need to set up language training institutes. Both countries can collaborate in joint manufacturing of semiconductors, electronic white goods, personal computers and laptops."

Currently, Taiwan is the 32nd largest trade partner of India with two-way trade of USD 8.9 billion as of 2021-22. Taiwan exports USD 6.2 billion worth of goods to India, while it imports USD 2.7 billion worth of goods from India.

Speaking on this occasion, Capt. Somesh Batra, Vice Chairman, MVIRDC WTC Mumbai suggested that WTC Mumbai can facilitate a trade delegation from India to Taiwan to explore untapped business potential between both the countries. 

He also invited Taiwanese companies to participate in the flagship program of WTC Mumbai, Connect India International Trade Show 2022.

Tags assigned to this article:
Taiwan Companies manufacturing units india