Get In Touch
July2024 104x80.jpg
Current Issue

animation-neutral-tts-300x100' width='300' height='100' border='0

Taiwan machine tool exports to India rise over 11% in first 6 months of 2015

By Niranjan Mudholkar,

Added 21 August 2015

The overall Taiwan–India bilateral trade touches US$ 2.108 billion in the first five months of 2015.

Taiwan now has become increasingly keen on investing in India. At present there are more than 80 Taiwanese companies in India. Many Taiwanese companies have successfully expanded their business in the fields of electronics, machinery, food and textiles.

"Establishing good economic and trade relationships with India has always been the goal of Taiwan. We are optimistic that India's future economic growth will be stronger given its 1.2 billion population and the demand driven by its young and aspirational middle class. The huge, upcoming public-private sector infrastructure projects are expected to drive growth further. No doubt, the Indian market holds enormous potential for Taiwanese companies," Dr Lee added.

At the Expo, five Taiwanese companies Tongtai Machine & Tool Co, Ltd; She Hong Industrial Co. Ltd., Chien Wei Precise Technology C0., Ltd ; MEGA Machine Co., Ltd. and Fair Friend Enterprise.Co.,Ltd launched their products.

(Continued on the next page)

comments powered by Disqus