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.
When Lika Megreladze was a child, life in her native western Georgian region of Guria revolved around tea. Her mother worked for decades as a scientist at the Soviet Union’s Institute of Tea and Subtropical Crops in the village of Anaseuli, Georgia, perfecting cultivation methods for a Georgian tea industry that supplied the bulk of the vast communist state’s brews. “When I was a child, this was only my mum’s workplace. Only later I realized that it was something big,” she said. Now, the institute lies abandoned. Yellowed papers are strewn around its decaying corridors, and a statue of Soviet founder Vladimir Lenin
UNIFYING OPPOSITION: Numerous companies have registered complaints over the potential levies, bringing together rival automakers in voicing their reservations US President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties in two weeks, ramping up his push to reshape the US’ standing in the global trading system by penalizing purchases from abroad. Administration officials could release details of Trump’s planned 50 percent duty on copper in the days before they are set to take effect on Friday next week, a person familiar with the matter said. That is the same date Trump’s “reciprocal” levies on products from more than 100 nations are slated to begin. Trump on Tuesday said that he is likely to impose tariffs
ELECTRONICS BOOST: A predicted surge in exports would likely be driven by ICT products, exports of which have soared 84.7 percent from a year earlier, DBS said DBS Bank Ltd (星展銀行) yesterday raised its GDP growth forecast for Taiwan this year to 4 percent from 3 percent, citing robust demand for artificial intelligence (AI)-related exports and accelerated shipment activity, which are expected to offset potential headwinds from US tariffs. “Our GDP growth forecast for 2025 is revised up to 4 percent from 3 percent to reflect front-loaded exports and strong AI demand,” Singapore-based DBS senior economist Ma Tieying (馬鐵英) said in an online briefing. Taiwan’s second-quarter performance beat expectations, with GDP growth likely surpassing 5 percent, driven by a 34.1 percent year-on-year increase in exports, Ma said, citing government
HELPING HAND: Approving the sale of H20s could give China the edge it needs to capture market share and become the global standard, a US representative said The US President Donald Trump administration’s decision allowing Nvidia Corp to resume shipments of its H20 artificial intelligence (AI) chips to China risks bolstering Beijing’s military capabilities and expanding its capacity to compete with the US, the head of the US House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party said. “The H20, which is a cost-effective and powerful AI inference chip, far surpasses China’s indigenous capability and would therefore provide a substantial increase to China’s AI development,” committee chairman John Moolenaar, a Michigan Republican, said on Friday in a letter to US Secretary of