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New Delhi: 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.
While calling for enhancing the bilateral trade and investment relationship, Tien 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,”
He was speaking at the 18th Joint Meeting of India-Taiwan Business Cooperation Committee, organised by FICCI, jointly with Chinese International Economic Cooperation Association (CIECA).
Applauding Prime Minister Narendra Modi for India’s successful lunar mission Chandrayaan-2, Tien observed, “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.”
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.”