Taiwan – India relations warming and soaring

The first “TAITRONICS India” premieres in India from September 14 to 16 at Chennai Trade Centre Hall 1. To make it happen the TWTC (Taipei World Trade Center Co., Ltd.) has teamed up with TEEMA (Taiwan Electrical and Electronic Manufacturers’ Association) to bring in the muscle of Taiwan’ industry.

According to statistics up to this June published by the Taiwan’s Bureau of Foreign Trade of the Ministry of Economic Affairs, Taiwan relationships with India have also flourished.

The show comes just when Taiwan’s Bureau of Foreign Trade reports that trading between the two nations up to this August has reached US$3 billion and the bilateral trade has grown 72% over last year. And all this underscores rapidly growing bilateral economic and trade ties. (OEM Exclusive: Request list of EMS/ODM providers anywhere in India)

Strong marriage with new trade agreements

This new relationship is underwritten with an armload of fresh trade and industrial agreements. There’s the recently signed “Taiwan-India Investment Protection Agreement” and dozens of others. The “Taiwan-India Double-Taxation Relief Agreement” currently being negotiated will bring Taiwan businesses in India unsurpassed protection and official assistance.

For years the India market has beckoned Taiwan business with fresh prospects. This fresh market has welcomed such Taiwan pioneers as China Airlines, Eva Air, Evergreen Line, Continental Engineering, ACER, BenQ, Asus, Gigabyte, D-Link, Synnex, and Foxconn, who have established manufacturing plants or operation offices across India.

Meanwhile, this year two giant Taiwan wafer OEM manufacturers, Taiwan Semi-Conductor and UMC have also established offices and customer service branches in India. For much of Taiwan business, the examples of those above provide solid ground on which to enter the Indian market.

India is not only the 11th largest automobile producer in the world. The data-communications market driven by its huge population base is also promising. Other equally promising industries with relative competitive advantages include tool machines, hand tools, food processors, services and telecommunications.

These just happen to be areas where Taiwan industry enjoys considerable technological strength. The best part is that there’s a lot in this relationship for both sides. TAITRONICS India is sure to awaken the subcontinent with a full sampling of theme areas like 3C Products, Electric Appliance and Machinery, Electronic Components, Auto Parts & Accessories, Hand Tools, and Assorted Products (Food & Packaging), and the Taiwan Pavilion.

The Taiwan Pavilion encompasses the three focus areas of “Taiwan Hand Tool (New Product World)”, “Taiwan Machine Tool”, and “Taiwan Excellence”, which will help familiarize buyers with Taiwan’s creativity and promote her industrial image. It’s here where exhibiting manufacturers can negotiate with buyers for huge business opportunities.

TAITRONICS India 80 leading international and domestic manufacturers are participating in 120 booths. Among them will be such famous Taiwanese manufacturers as WINTEC, the largest Nokia panel supplier in the Asia Pacific Region; HOLTEK, one of Taiwan’s top 10 IC design firms; HOBBES, a top network test instrument manufacturer; Chyang Fun Industry, the lead promoter of Taiwanese computer shells; Transava a leader in software design and the integration of consumer electronics; Hamg Shing, a giant in Taiwanese automobile electronics; PDC, one of the Top 3 car chairs manufacturers; and FINETEK CO., the largest sensor manufacturer in Taiwan.

Source: TAITRA

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