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Taiwanese firms plan to participate in 'Make in India'

By Niranjan Mudholkar,

Added 14 August 2015

More than 70 Taiwanese companies have invested in India since 2013; bilateral trade swells to $ 6 billion in 2014

These include automobiles, chemicals, IT, pharma, textiles, ports, aviation, leather Tourism and hospitality, wellness, and railways. Taiwan was among India's top five machine tool suppliers in 2014. Machining centres, drilling, boring, milling machines, parts and components for metal cutting machine tools are the main types imported by India. This is expected to go up in the coming year.

Taiwan will have a major presence at the Delhi Machine Tools Expo 2015 (DMTX), NEW DELHI Pragati Maidan from August 20-23.

Executives from leading machine tools makers including TONGTAI MACHINE & TOOL CO., LTD., SHE HONG INDUSTRIAL CO. LTD., CHIEN WEI PRECISE TECHNOLOGY CO., LTD. , MEGA Machine Co., Ltd. and FAIR FRIEND ENTERPRISE.CO.,LTD. will present the latest products, innovations and insights on industry trends at a press conference at the show on Thursday, August 20. The event christened "Taiwan machine tools speed up a better India"-is organized by the bureau of Foreign Trade and implemented by the Taiwan External Trade Development Council.

The Taiwan External Trade Development Council (TAITRA) is the foremost non-profit trade promotion organization in Taiwan. Jointly sponsored by the government, industry associations, and several commercial organizations, TAITRA assists Taiwan businesses and manufacturers with reinforcing their international competitiveness and in coping with the challenges they face in foreign markets.
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