Taiwanese firms keen to invest in India to tap domestic market

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NEW DELHI: Keen to tap the huge Indian market, Taiwanese business leaders today said the scope for investment in this country has increased with the new government adopting pro- business policies. A business delegation of Taiwan, which has expertise in IT and electronic, is looking for business opportunities in India and use its geographical proximity to the markets of Africa, Middle East and South Asian markets. "We see a chance for cooperation between Taiwan and India because of Modi's policy. Modi's government is more pro business and pro investment... It has adopted a very strong policy for the foreign companies to invest in India," Yen Shiang Shih, delegation leader told PTI. According to Shih, who was earlier Minister of Economic Affairs of Taiwan, the Taiwanese firms have invested around USD 10 billion in the Mainland China and now they are looking to diversify it to India. "Taiwanese companies mainly focused on Mainland China, which also has a huge domestic market. We poured lot of resources on China and invested around USD 10 billion. But now the Taiwanese companies want to diversify, particularly in the South Asia region using India as a center," he said on the sidelines of Taiwan India Joint Business Councils Meeting held here at FICCI. Shih further added: "So I see our investment in India. We expect much faster investment and trade between India and Taiwan".


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Taiwanese firms keen to invest in India to tap domestic market - The Economic Times