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.
Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Monday introduced the company’s latest supercomputer platform, featuring six new chips made by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), saying that it is now “in full production.” “If Vera Rubin is going to be in time for this year, it must be in production by now, and so, today I can tell you that Vera Rubin is in full production,” Huang said during his keynote speech at CES in Las Vegas. The rollout of six concurrent chips for Vera Rubin — the company’s next-generation artificial intelligence (AI) computing platform — marks a strategic
REVENUE PERFORMANCE: Cloud and network products, and electronic components saw strong increases, while smart consumer electronics and computing products fell Hon Hai Precision Industry Co (鴻海精密) yesterday posted 26.51 percent quarterly growth in revenue for last quarter to NT$2.6 trillion (US$82.44 billion), the strongest on record for the period and above expectations, but the company forecast a slight revenue dip this quarter due to seasonal factors. On an annual basis, revenue last quarter grew 22.07 percent, the company said. Analysts on average estimated about NT$2.4 trillion increase. Hon Hai, which assembles servers for Nvidia Corp and iPhones for Apple Inc, is expanding its capacity in the US, adding artificial intelligence (AI) server production in Wisconsin and Texas, where it operates established campuses. This
US President Donald Trump on Friday blocked US photonics firm HieFo Corp’s US$3 million acquisition of assets in New Jersey-based aerospace and defense specialist Emcore Corp, citing national security and China-related concerns. In an order released by the White House, Trump said HieFo was “controlled by a citizen of the People’s Republic of China” and that its 2024 acquisition of Emcore’s businesses led the US president to believe that it might “take action that threatens to impair the national security of the United States.” The order did not name the person or detail Trump’s concerns. “The Transaction is hereby prohibited,”
Garment maker Makalot Industrial Co (聚陽) yesterday reported lower-than-expected fourth-quarter revenue of NT$7.93 billion (US$251.44 million), down 9.48 percent from NT$8.76 billion a year earlier. On a quarterly basis, revenue fell 10.83 percent from NT$8.89 billion, company data showed. The figure was also lower than market expectations of NT$8.05 billion, according to data compiled by Yuanta Securities Investment and Consulting Co (元大投顧), which had projected NT$8.22 billion. Makalot’s revenue this quarter would likely increase by a mid-teens percentage as the industry is entering its high season, Yuanta said. Overall, Makalot’s revenue last year totaled NT$34.43 billion, down 3.08 percent from its record NT$35.52
RSS