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Last updated: 31 Jul, 2019  

Taiwan.thmb.jpg India-Taiwan trade ties can be strengthened further: Tien

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SME Times News Bureau | 31 Jul, 2019

Chung-Kwang Tien, Representative, Taipei Economic and Cultural Centre in India (TECC) today said that the trade relationship with India has taken an upward trajectory touching $7.5 billion in 2018 and can be further strengthened.

Speaking at 18th Joint Meeting of India-Taiwan Business Cooperation Committee, organised by FICCI, jointly with Chinese International Economic Cooperation Association (CIECA), Tien applauded Prime Minister Narendra Modi for India's successful lunar mission Chandrayaan-2.

"It is a clear demonstration of your space technology. Now India will rank among the four countries who did soft-landing on the lunar surface. Prime Minister Modi said that the success of the launch of Chandrayaan-2 is attributed to two factors - one is faith, the second is fearlessness," he said.

Tien while calling for higher trade and investment relationship said, "The good thing about our trade is not only the number but it is important that it is very balanced and thus we have a healthy trade relationship,"

Steve Hsieh, Leader of the CIECA delegation and CEO, Taiwan Lottery said, "Electric vehicles and smart cities are some of the focus areas in India."

Manish Sharma, Co-Chair, FICCI Electronics and White Goods Manufacturing Committee said, "India brings ample opportunities for Taiwanese industries including consumer durable, consumer appliances, smart living spaces, supply chain and electric mobility. There are huge opportunities for Taiwanese companies as India embarks on creating economies of scale."

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