India -Taiwan trade relations always been low-key because of Indian apprehension about possible reactions from China.Recently the relationship between India and Taiwan is going through some important changes. All these developments are slow-paced although it appears now that India intend to expand and strengthen its economic ties with Taiwan significantly.
Taiwan’s deputy minister of economic affairs, Mr. Chen Chern-Chyi, was on an official visit to India recently. He addressed a delegation of businessmen and investors including IT companies with the goal of accelerating the pace of cooperation between India and Taiwan. Discussion between two countries are going on regarding a number of issues like a free trade agreement (FTA) , cooperation on semiconductor and supply chain issues.
Taiwan is considered a leader in semiconductor manufacturing and India is keen to develop its semiconductor ecosystem with a goal of becoming g as “a global hub for electronics manufacturing and design.” These collaboration with Taiwan will help India. From building an exclusive township to setting up a massive semiconductor facility, Taiwan is looking to collaborate in all sphere.
Courtesy : www.pngegg.com
