A group representing the Indian Merchant's Chamber (IMC) arrived Sunday to expand procurements from Taiwan, woo Taiwanese in-vestors and look into the feasibility of creating business alliances.
The IMC, established in 1907, is one of the most influential trade organizations in India. It has more than 5,000 member companies, said Chao Yuen-chuan (
In addition to promoting trade exchanges, the IMC group is also in Taipei to invite Taiwanese companies to take part in the 2005 Asia-Pacific Chamber of Commerce Conference -- the Indian Expo.
According to Chao, two-way trade between Taiwan and India has grown by leaps and bounds in recent years, with figures for the first 10 months of this year surging nearly 30 percent over the corresponding period of the previous year. Two-way trade is expected to top US$17 billion for this year.
Business interactions between the two countries are expected to grow even closer in the years to come if more companies from the two sides forge strategic business alliances, Chao said.
Vijav Gokhale, chairman of the India-Taipei Association, said that many big-name Taiwan companies, particularly electronics and computer-makers, have made successful inroads into the huge Indian market in recent years.
Taiwanese companies are promising to gain an even bigger foothold in the Indian market after many improvements have been made in streamlining cross-border trade paperwork and airlines and cargo transportation, Gokhale said.
The military has spotted two Chinese warships operating in waters near Penghu County in the Taiwan Strait and sent its own naval and air forces to monitor the vessels, the Ministry of National Defense (MND) said. Beijing sends warships and warplanes into the waters and skies around Taiwan on an almost daily basis, drawing condemnation from Taipei. While the ministry offers daily updates on the locations of Chinese military aircraft, it only rarely gives details of where Chinese warships are operating, generally only when it detects aircraft carriers, as happened last week. A Chinese destroyer and a frigate entered waters to the southwest
A magnitude 6.1 earthquake struck off the coast of Yilan County at 8:39pm tonight, the Central Weather Administration (CWA) said, with no immediate reports of damage or injuries. The epicenter was 38.7km east-northeast of Yilan County Hall at a focal depth of 98.3km, the CWA’s Seismological Center said. The quake’s maximum intensity, which gauges the actual physical effect of a seismic event, was a level 4 on Taiwan’s 7-tier intensity scale, the center said. That intensity level was recorded in Yilan County’s Nanao Township (南澳), Hsinchu County’s Guansi Township (關西), Nantou County’s Hehuanshan (合歡山) and Hualien County’s Yanliao (鹽寮). An intensity of 3 was
Instead of focusing solely on the threat of a full-scale military invasion, the US and its allies must prepare for a potential Chinese “quarantine” of Taiwan enforced through customs inspections, Stanford University Hoover fellow Eyck Freymann said in a Foreign Affairs article published on Wednesday. China could use various “gray zone” tactics in “reconfiguring the regional and ultimately the global economic order without a war,” said Freymann, who is also a nonresident research fellow at the US Naval War College. China might seize control of Taiwan’s links to the outside world by requiring all flights and ships entering or leaving Taiwan
The next minimum wage hike is expected to exceed NT$30,000, President William Lai (賴清德) said yesterday during an award ceremony honoring “model workers,” including migrant workers, at the Presidential Office ahead of Workers’ Day today. Lai said he wished to thank the awardees on behalf of the nation and extend his most sincere respect for their hard work, on which Taiwan’s prosperity has been built. Lai specifically thanked 10 migrant workers selected for the award, saying that although they left their home countries to further their own goals, their efforts have benefited Taiwan as well. The nation’s industrial sector and small businesses lay
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