Taiwanese firms explore biz tie-ups with India

Feeling that the business environment in India has improved after the Modi government came to power, Taiwan World Trade Centre (TWTC), is exploring opportunities in India to enter into joint venture (JV) in India for some of the top companies from Taiwan.

TWTC has brought to India over 200 companies from Taiwan to showcase their products and services at the 8th edition of EMMA Expo.

“Taiwanese companies are not familiar with India and the business opportunities available here. We have brought some of the best companies from Taiwan to familiarise with Indian market, so that they understand and enter into business JVs in the years to come,” Walter Yeh, Executive V-P, TWTC said.

Already 97 companies from Taiwan are doing business in India that include Asus, HTC among others. A large number of companies from Taiwan are exploring possibilities to set up manufacturing in Gujarat, AP, Mumbai, Chennai and Bangalore in the areas of electronics, medical equipment, shipping and education among others, he said. TWTC aims to bring at least 500 companies from Taiwan to India over the next decade.