Taiwan and India Trade Continues to Grow

I'm always happy to report on improved ties between Taiwan and India, and here is another article on the topic.

He added that Kwang Yang, Taiwan’s largest motorcycle manufacturer has already been surveying the prospective sites for setting up a manufacturing unit in India.

While Mumbai and Puna seem to be probable locations, parts of Orissa and West Bengal in eastern India have not been ruled out, though.

Another Taiwanese company, Hsu, that was initially interested in setting up its India-office in Bangalore, now seems to have made up its mind to set shop in Kolkata as well.

"The company (Hsu) will import iron ore from India. The office will be set up in Kolkata, since it makes economic sense to operate from here," a senior TWTC representative told Newsline.

While Kwang Yang is set to invest a whopping $20 million in the first phase of its motorbike manufacturing unit, the size of the food processing company that will also be set up in India is not known now.

Chang said that the industrialists of the state can also expand their activities to Taiwan.

"The Indo-Taiwan trade stood at $2.2 billion between August 2004 and July 2005. The bilateral trade between January-December 2005 is expected to touch $ 2.5 billion.

Actually, my interest is purely selfish: I'm looking forward to an explosion in Indian restaurants.

Ok....so maybe I'm an optimist.

[Taiwan] [India]