India -Taiwan joint Business cooperation -Vikram Kapoor

Nksagar-Sagar Media -New Delhi : -Mr Jung-Chiou Hwang,Vice Minister,Ministry of Economic affairs of ROC said Taiwan 16 leading firms are in India to participate in trade with India and some of Taiwan niche area of business are Electronics, Computers, mobiles,Chemistry,Machinery food processing. More Air flights between Taipei- Delhi Hyderabad, Chennai needed but at present no Indian Airlines has direct flight.India needs to look Taiwan as hub of business activity for their market Minister Hwang stressed their universities excellent for Indian students for higher skilled education as per their quality in their products with students stay for 3 yrs can help them learn Chinese and is stop-over destination on way to China.

Taiwan official business delegation headed by Mr Jung-Chiou Hwang,Vice Minister,Ministry of Economic affairs and representatives from 13 local enterprises are on a one-week visit to India, starting Sept. 5, held their interactive session with Indian Inc at FICCI today Sept 07,2010, to seek business opportunities with the Indian business men in light of emerging trends .He further added that more
joint ventures and more trade will flourish the future,prosperity for both countries.There are more than 160 Taiwan companies woking in Indiaand 70 companies are operating in Tamil Naidu.

Taiwan business delegation has 16-member team represent China Steel, the state-owned RSEA Engineering Corp., companies in the optoelectronic, electronics, machinery and electrical sectors, the Department of Investment Services under the Ministry of Economic Affairs (MOEA) said.

Taiwan looks for doubling its trade with India in coming years and is making sustainable efforts with the fast growing Indian economy in which electronics, communications, auto and vehicle components and machinery sectors are doing particularly well, the MOEA said in a statement.

India, with a population of more than 1.1 billion, is a market to which Taiwan ought to pay close attention, King Lee Director Institute for Information Industry said when I meets Taiwan than Its complete IT,India being good in software and Taiwan main supplier in Hardware to global market can work together to compliment each other Industry.Taiwan managing high efficient hardware,key component skill for Laptops,computers,smart phones mobiles,motherboard and innovative products in e learning and food processing.

Pradeep Kumar Rawat,DG India -Taiwan Association addressed the meet and said Taiwan trade with China is immense -India needs to develop trade with Taiwan which has best of manufacture skill where both countries has win win situation and two countries complement each others and are Made for each other .

Wang Chung-yu, chairman of the Chinese International Economic Cooperation Association (CIECA), one of the organizers of the trip, address the the mission said "India is an emerging market Taiwan is aiming to enhance business ties in the hope that Taiwanese companies business opportunities are immense. CIECA is a private sector group that works closely with the government to expand economic exchanges with countries that do not have official relations with Taiwan.In 1992, the CIECA established a communication channel with the Federation of Indian Chambers of Commerce and Industry, one of the most important business organizations in India.

"The delegation will try to capitalize on the links between the CIECA and the Indian chamber of commerce and gain a better understanding of the Indian market," the official said.The Taiwan delegation is scheduled to hold an economic cooperation conference in New Delhi on Sept. 7 to exchange views with their Indian counterparts and explore the possibility of joint investments.
The delegation will also visit economic development zones in New Delhi, Chennai and Mumbai and meet with Taiwanese businessmen operating in those cities, the MOEA said.

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