Fri, Sep 03, 2010 - Page 11 News List

Taiwanese companies to seek opportunities in India

STAFF WRITER, WITH CNA

A delegation of representatives from 13 local enterprises will make a one-week visit to India, starting on Sunday, to seek business opportunities in the emerging market, one of the organizers said yesterday.

The 16-member team will represent China Steel Corp (中鋼), the state-owned RSEA Engineering Corp (榮民工程) and companies in the optoelectronics, electronics, machinery and electrical sectors, the Department of Investment Services of the Ministry of Economic Affairs said.

Taiwan is eying the fast-growing Indian economy, in which electronics, communications, auto components and machinery sectors are doing particularly well, the ministry said in a statement.

India, with a population of more than 1.1 billion, is a market to which Taiwan should pay close attention, the ministry said.

Wang Chung-yu (王鍾渝), chairman of the Chinese International Economic Cooperation Association (CIECA), one of the organizers of the trip, will head the mission to survey the Indian market.

“India is an emerging market with which the CIECA is aiming to enhance business ties in the hope that Taiwanese companies will find business opportunities there,” a CIECA official said.

The 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 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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