New Delhi, 17 May 2019
India and Taiwan secured a balanced trade of 7 Billion USD in the present scenario which is boosted such because of the bilateral trade agreement signed between the two, last year. Where most nations consider it difficult to adjust the political ramifications of fostering nearer ties with Taiwan, looking towards mainland China which the world’s second-biggest economy. India’s association with Taiwan happens in this complex conciliatory labyrinth by healthy trade relations.
To strengthen this bilateral relation, opening doors towards technology, the 2nd edition of Taiwan Expo 2019 was organised in New Delhi’s Pragati Maidan from 16-18 May, enriching visitors attention with a social exhibition by a Taiwanese move troupe. It received near to 30,000 visitors this time after hosting for 20,000 visitors in last year’s edition, especially when exhibitors are worth USD 150 million this year.
Both the countries are on the same page when bilateral relations has to be in focus where Taiwan’s Southbound Policy put New Delhi as the main attractor and India’s Act East Policy tendering Taiwanese industries a potential trade. It would be a future possibility to encounter marriage between ‘Make in India’ and ‘Made in Taiwan’ where the duo could cooperate in sectors of Medical industry, Agriculture and Smart Cities.
Mr James C.F. Huang, Chairman of Taiwan External Trade Development Council (TAITRA) in conversation with Diplomacy Today said, “Taiwan is a suitable place for chemistry and engineering students and also for studying about future technology, India and Taiwan’s relation is moving ahead and will keep strengthening.” He also added, “Taiwan is known for its cutting-edge tech products and Taiwan Excellence has always maintained all of India’s digital missions including initiatives like Make in India, Digital India and Skill India. Taiwan Expo’s India edition is a great platform for us to share our expertise in the field of technology with Indian and international companies.”
“We have to make mindfulness about Taiwan and what we bring to the table in the Indian market. When contrasted with a portion of different nations, Taiwan has been late in entering the Indian market. Nonetheless, we expect that progressively Indian and Taiwanese organizations will work together for common advantages sooner rather than later. We need more Indians and increasingly Taiwanese to investigate the two goals. A ton can be accomplished through advancing the travel industry ties among India and Taiwan”, said Ambassador Tien Chung-Kwang, Representative, Taipei Economic and Cultural Center.
Taiwan Excellence demonstrated a noteworthy feature as it exhibits a scope of tech items that characterize the development of Taiwan. Tapping the quickly developing business sector in India, a few Taiwanese brands have set up a stunning show of some front line grant winning items from their collection, each bragging state the-workmanship innovation. The structure exhibits a scope of items, for example, ICT, medicinal services hardware, way of life upgrade apparatuses and devices. Guests have been making a direct route to the structure to encounter direct different Taiwanese brands that are demonstrating to be incredible attractions.
The key agenda of Taiwan Expo is to present the possibility of cooperation between the two countries, while specifically, this year’s focus was on-Smart Cities, Smart HealthCare, Taiwanese Lifestyle, Taiwanese Agriculture, Taiwan Green Tech and Education, Culture, and Tourism. Considering the rising pollution in New Delhi Taiwan’s technology for pollution control has been well appreciated where joining hands with Taiwan-India Medical Cooperation Forum and Air Quality Management and Pollution Control Forum for air defilement control. The major attractions for the Expo which shows Taiwan’s strength were
- Taiwan Excellence Pavilion
- Taiwan Green Products Pavilion
- Taiwan IoT Smart Living Pavilion
- Taiwan Healthcare Pavilion
- Digital Commerce Pavilion
- Taiwan Bubble Tea Pavilion
- Taiwan Agricultural Pavilion
- Taiwan Tourism Pavilion
- Hsinchu Science Park Biotech Hub
- Six Senses of Taiwan and 4 territories to centre Education and Tourism
- ICT Product and Electrical Equipment
- Medical Devices, Health and Personal Care
India is a rising economy with a suitable place of easy for doing business which need a strategic partnership with a country having robust strength in technological sector where Taiwan is also taking a gander at expanding its impression in India in a noteworthy manner through key interests in regions, for example, shrewd arrangements, equipment, programming, and hardware that are driving reciprocal exchange between the two nations. Bullish about the business atmosphere in India, Taiwanese organizations are feeling sure to enter the Indian market. A few MOUs have been marked among Indian and Taiwanese organizations in the ongoing past. Taiwan is likewise quick to set up a hardware fabricating bunch in Gujarat for which an MOU was marked amid the Vibrant Gujarat Summit in January. The total trade between Taiwan and India was the highest in the last five years in 2018 and has increased by 10.87% as compared to 2017. For two consecutive years, India was Taiwan’s 16th largest trading partner.
Event and News Desk, Diplomacytoday.in