Print

Mail

wiki links

`Taitronics India' expected to boost subcontinent trade

India's economy * GDP (purchasing power parity): US$4.042 trillion (2006 estimate). * GDP (official exchange rate): US$796.1 billion (2006 estimate). * GDP (real growth rate): 8.5 percent (2006 estimate). * Unemployment rate: 7.8 percent (2006 estimate). * Industries: textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software. * Industrial production growth rate: 7.5 percent (2006 estimate). Source: CIA World Factbook

The quasi-official Taiwan External Trade Development Council (TAITRA) is organizing a trade delegation to take part in this year's Taitronics India, which will be held from Sept. 14 through Sept. 16 at the Chennai Trade Center in southeast India, a TAITRA official said yesterday.

The official said that the exhibition will be jointly sponsored by TAITRA and the Taiwan Electrical and Electronic Manufacturers Association, with the aim of helping Taiwanese manufacturers introduce Taiwan-made products to potential buyers.

Overseas offices of the Ministry of Economic Affairs and TAITRA will invite potential buyers from India and ASEAN members to visit the three-day electronics show, the official said.

The exhibition is expected to attract up to 35,000 local and foreign buyers as well as representatives of international procurement offices set up by foreign enterprises in India, the official said, adding it would offer Taiwanese manufacturers a good chance to explore trade opportunities.

TAITRA will also host a series of economic and industrial cooperation seminars during the show and arrange for Taiwanese participants to make fact-finding visits to local industrial zones to seek cooperation with Indian businesspeople, the official said.

Domestic manufacturers wishing to participate in the exhibition must have registered with TAITRA by April 31.

Noting that the Ministry of Economic Affairs has listed India as one of the major countries with which Taiwan will seek to step up economic and trade exchanges this year, the official said India is expected to become one of the world's top-five economies by 2040.

Domestic manufacturers should therefore seek to make inroads into the Indian market, he said.
This story has been viewed 1396 times.