India Seeks Semiconductor Cooperation with Taiwan; Taiwanese Businesses Urge Friendlier Investment Environment

India is actively pursuing deeper collaboration with Taiwan in the critical semiconductor industry, signaling a strategic move to bolster its technological capabilities. This initiative was highlighted during recent exchanges between official and private representatives from both nations in India.

Taiwanese businesses, while acknowledging India's market potential, are urging the Indian government to cultivate a more welcoming investment environment. Chen Mu-Teng, Chairman of the Taiwan Chamber of Commerce in India, emphasized the importance of stable government policies and efficient processes, including visa issuance and infrastructure development, to attract and retain foreign investment. He advised Taiwanese companies to engage in trade first to understand Indian policies before committing to large-scale investments.

John Kingsly, Secretary of the Department of Industrial Policy and Investment Promotion for the Madhya Pradesh government, expressed optimism about the synergy between Taiwan's technological prowess and India's vast market and growing middle class. He believes that combining Taiwan's expertise in manufacturing and precision industries with India's skilled and adaptable workforce in sectors like IT could lead to significant mutual growth.

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If we combine your (Taiwan's) technology with our (India's) talent advantage, there will be excellent prospects.

Ambassador Chen Mu-Teng of Taiwan to India noted the rapid progress in economic ties between Taiwan and India, with trade volumes and Taiwanese investments in India steadily increasing. He highlighted Taiwan's established presence in India's information and communication technology (ICT) and smart manufacturing sectors, emphasizing India's keen interest in attracting more Taiwanese investment to form new industrial clusters.

James Huang, Chairman of the Taiwan External Trade Development Council (TAITRA), described the evolving economic partnership as a shift from simple trade to a close supply chain collaboration. He acknowledged India's strong ambition in developing its semiconductor and high-tech industries, stating that while India has taken initial steps and possesses the potential for growth, Taiwanese assistance is highly anticipated and welcomed.

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India's strong ambition in developing semiconductors and high-tech industries, we can all feel it.