May 8, 2024
1 min read

India-Taiwan Economic Partnership Soars

Of the $8 billion bilateral trade, Taiwan exports $6 billion and imports hardly $2 billion from India….reports Asian Lite News

As India-Taiwan economic partnership grows significantly in recent years, the trade between the two countries may reach $25 billion via investment and technology sharing, industry leaders have said.

Peter Huang, specialist of South Asia section (Market Development Department), Taiwan External Trade Development Council, who led a high-level delegation here, said that India is a friendly and hospitable country for Taiwanese industry.

“Our commercial relation is growing from strength to strength and this is our 15th business delegation to India,” Huang said.

“India is still an untapped market for Taiwanese firms and there is huge trade and investment potential in India, especially in electronics, auto-components, machineries, food processing, medical devices and other sectors,” he emphasised.

Taiwan has considered India as a critical partner under its ‘New Southbound Policy’ and both countries have also signed migration agreements to allow Indian workers to be employed in Taiwanese industries.

Vijay Kalantri, Chairman, MVIRDC World Trade Center Mumbai, said that India-Taiwan economic relation is at an inflection point.

“For the first time, India conferred Padma Bhushan award to CEO of Foxconn, Young Liu, which is testimony to the strengthening of our bond,” he mentioned.

The Taipei Economic and Cultural Centre (TECC) is also planning to set up a third office in India.

“Both the countries should grow bilateral trade to $25 billion, from the current level of $8 billion through partnership in investment and technology cooperation,” industry leaders noted.

Of the $8 billion bilateral trade, Taiwan exports $6 billion and imports hardly $2 billion from India.

“In future, we are committed to facilitating our commercial partnerships in electronics, shipbuilding, and other sectors of mutual interests,” Kalantri said.

ALSO READ: Xi camouflages his Master Plan for crushing Taiwan’s freedom

Previous Story

Pakistan’s New Cyber Crime Unit Chokes Freedom Of Speech And Press

Next Story

Nominations for Phase 7 of polls begins in Punjab, Himachal

Latest from -Top News

Uyghurs Face ‘More Repression, No Relief’

CFU stressed that, instead of addressing the UN’s recommendations, Beijing has escalated its repression…reports Asian Lite News On August 31, 2025, Campaign for Uyghurs (CFU) marked the third anniversary of the United

Afghan Quake Toll Hits 1,457

More than 6,700 homes have been destroyed due to earthquake as international aid agencies struggle to reach people in remote areas…reports Asian Lite News The death toll from the powerful earthquake that

Xi, Putin, Kim conspiring against US, says Trump

Trump accused Xi of “conspiring against” America after hosting Putin and Kim at Beijing’s largest military parade….reports Asian Lite News US President Donald Trump unleashed a sharp rebuke at Chinese President Xi

Al Zeer clinches UAE President’s Cup glory

Al Zeer stormed to a dramatic victory at Waregem Racecourse, clinching the UAE President’s Cup in Belgium, showcasing the UAE’s equestrian heritage and global sporting vision….reports Asian Lite News Before nearly 50,000

India, UAE chase $100b trade dream

India and the UAE reaffirmed their CEPA partnership, setting a $100 billion non-oil trade target by 2030, with strong focus on energy, food, healthcare, and technology….reports Asian Lite News India and the
Go toTop

Don't Miss

Modi: India committed to its unique ties with Bhutan

The Embassy of India in Thimpu on Thursday celebrated the

Panel to promote trade, investment ties with India

From trips across different parts of Britain to visits to