Business

Taiwan looks to increase investment in India

Eyes business from smart cities

Having invested $360 million in 2018 in India through its companies, Taiwan has committed to further enhance its investment and trade with India.

“The $360 million investment in India last year was 12 times that of 2016. More companies from Taiwan are now willing to invest in India,” Ambassador Tien, Chung-Kwan, Representative, Taipei Economic and Cultural Center in India, said while inaugurating Smart Asia India 2019 organised by Taiwan External Trade Development Council (TAITRA) in association with FICCI.

He said since 2000, the trade volume between India and Taiwan has increased six-fold.

“Today, the trade volumes between the two countries have increased from less than $1 billion in 2000 to $7.5 billion in 2018. It is also important to note that trade balance between Indian and Taiwan has always been healthy, and well balanced,” he said.

“Coupled with Indian hardware, Taiwanese software, and smart education, we can truly create smart cities in India, and improve the lives of countless citizens,” he added.

Having successfully turned some of its top cities into smart cities, Taiwan is now offering its products and expertise to India where 100 smart cities are in the making.

“In Taiwan we looked beyond smart cities and focussed on smart applications, that is the use of high technology to improve daily life. We can contribute in the areas of e-bus for smart transportation, e-highway, efficient water distribution, energy management, green energy, LED, green building and big data to connect people to hospitals and schools,” he added.

Taiwan is organising Smart Asia 2019, focussing on smart city solutions, smart technology applications, and city development products and services. A large number of companies from Taiwan are showing products and solutions.

Emilia Shih, executive director, Exhibition Department of TAITRA, said, “We believe that Smart Asia 2019, with its primary focus on smart energy, transportation and water management, is bound to make a lasting change in the region.

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Printable version | Jul 3, 2020 9:17:43 AM | https://www.thehindu.com/business/taiwan-looks-to-increase-investment-in-india/article29728415.ece

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