ENA Sectors 2022-09-29 10:09:12 <p><span style="font-size:14px"><strong>Mumbai, Sept 29 (KNN)</strong> The Executive Director of Economic Division of Taipei Economic &amp; Cultural Center India Estela Chen said that companies in Taiwan would be eager to set up manufacturing facilities in India as the supply chain between the two countries gets robust.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">Speaking at an interactive meeting held at MVIRDC World Trade Center (WTC) Mumbai on the side-lines of the Taiwan Expo 2022, she said, The recent investment by Taiwanese companies in India is just the beginning for bilateral trade and investment flows.</span></p> <p><span style="font-size:14px">Chen highlighted on the many collaborations between Taiwanese companies and Indian startups in different technological sectors like semi-conductors and aerospace.</span></p> <p><span style="font-size:14px">However she said that language and cultural barriers are hampering effective communication.</span></p> <p><span style="font-size:14px">She expressed optimism that trade supporting institutions like WTC Mumbai can help bridge the language gap.</span></p> <p><span style="font-size:14px">Earlier in his welcome remarks, Dr. Vijay Kalantri, Chairman, MVIRDC WTC Mumbai pointed out, India and Taiwan share common values of democracy and rule of law. To address language and cultural barriers, we need to set up language training institutes. Both the countries can collaborate in joint manufacturing of semiconductors, electronic white goods, personal computers, laptops. Taiwan can help India diversify its source of imports to make its supply chain resilient. Both the countries can have a scheduled investment plan by initially focusing on 10 sectors to gradually scale up two-way commercial relations.</span></p> <p><span style="font-size:14px">Currently, Taiwan is the 32nd largest trade partner of India with two-way trade of USD 8.9 billion as of 2021-22.</span></p> <p><span style="font-size:14px">Taiwan exports USD 6.2 billion worth of goods to India, while it imports USD 2.7 billion worth goods from India. <em><strong>(KNN Bureau)</strong></em></span></p> 30693 https://knnindia.co.in/news/newsdetails/sectors/taiwanese-companies-show-interest-in-setting-up-manufacturing-units-in-india 2022-09-29 10:09:12 knnindia.co.in