Transactions at an annual industrial trade fair held by Taiwan in India last week more than tripled this year to US$18.20 million, from last year, organizers said yesterday.
“Our exhibitors got a large order, mostly for auto parts, worth more than US$7 million, which boosted sales this year,” said Maggie Liu, a manager at the Taiwan External Trade Development Council (TAITRA).
Liu said the order from Tata Group, one of the biggest business conglomerates in India, was “encouraging.”
This year’s EMMA (electronics, machinery, molds and auto parts) Expo India, now in its fourth year, is organized by TAITRA to help Taiwanese manufacturers extend their reach to India.
In the first three years, the trade show focused only on Taiwan-made electronics products, but this year’s exhibition was expanded to include machinery, molds and auto parts, Liu said.
“We are pleased that the number of potential buyers at the show also rose 24 percent, to 5,406 this year, compared with 2009,” Liu said.
A total of 166 Taiwanese manufacturers took part in the exhibition this year, occupying 260 booths, TAITRA said.
While 90 percent of the Taiwanese exhibitors were small and medium enterprises, some larger-sized companies listed on the Taiwan Stock Exchange and the over-the-counter market, such as China Motor Corp (中華汽車), Kung Long Batteries Industrial Co Ltd (廣隆光電) and HIWIN Technologies Corp (上銀科技), also had a presence at the show.