Chennai

Taiwanese firms exploring investment opportunities

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Taiwanese firms are trying to invest in Tamil Nadu, but expect the Indian government to simplify the procedures for setting by companies here.

“Most Taiwanese companies are small and medium companies, most of the owners only focus on technology and do not have enough manpower for marketing and other issues. If the Indian Government can simplify the procedures for setting up company and factory it definitely will attract more investments form Taiwan,” said Mr George Lin, Director, Taipei World Trade Center Liaison Office in Chennai.

Representatives



A delegation of 16 representatives from 11 Taiwanese firms led by the Taiwan External Trade Development Council (TAITRA) recently visited industrial parks and auto firms, including Ford and Visteon.

Mr. Lin who led the team here, said, “They were exploring opportunities on how they can help automobile firms in Chennai.”

“The Centre’s Make in India policy, will provide a lot of opportunities for Taiwanese companies, especially in electronic sector,” he said.

The team also met State Industries secretary Mr C V Sankar and Tamil Nadu Industrial Guidance & Export Promotion Bureau executive vice-chairman M. Velmurugan.

A senior official in the Industries Department confirmed that a delegation was here to explore business possibilities with the State.

“Most of them were component-makers who can help the existing car-makers in Tamil Nadu,” he added.

Warehouse to come up



Mr. Lin said among the delegates who came to Chennai, one company would be setting up a warehouse soon. He did not divulge further details.

At present, there are more than 20 Taiwanese companies in Tamil Nadu.



Most of them are component-makers who can help car-makers in Tamil Nadu



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Printable version | Jan 19, 2020 9:46:45 PM | https://www.thehindu.com/news/cities/chennai/taiwanese-firms-exploring-investment-opportunities/article7816337.ece

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