India - Taiwan Relations

India and Taiwan developed strong bilateral economic relations during the 21st century with the establishment of India Taipei Association (ITA) in Taipei and Taipei Economic and Cultural Center in New Delhi in 1995. 

India’s economic interaction with Taiwan has gained momentum in the past decade with several bilateral agreements in agriculture, investments, heritage railways, civil aviation, DTAA, industrial cooperation, SME cooperation, customs cooperation, among others.

    • India and Taiwan signed a landmark Bilateral Investment Agreement in 2018 to promote investment flow between the two sides. The Agreement seeks to ensure protection for Taiwanese investments in line with international standards, as well as the safety and rights of Taiwanese investors in India.

    • India’s latest 'Act East Policy' and Taiwan’s 'Southbound Policy' are strengthening economic cooperation between the two. 

    • In 2011, India and Taiwan signed a Double Taxation Avoidance Agreement (DTAA) and a Customs Cooperation Agreement to strengthen trade and investments.

    • The bilateral trade between India and Taiwan is on the rise – it has increased from $ 2 bn in FY 2005-06 to $ 6 bn in FY 2017-18, registering a 200% growth.  

    • FDI inflow from Taiwan has increased 10 times between FY17 and FY18. As of January 2019, Taiwanese companies have invested over $ 718 mn in India.

    • The first ever Taiwan Film Festival was hosted in India in 2018 in an effort to promote Taiwanese culture in India. The Film Festival was followed by a delegation of 25 youth ambassadors under Taiwan’ s International Youth Ambassadors Exchange Programme to boost ties among the youth of India and Taiwan.

    • To strengthen the cultural ties, Taiwan’s Ministry of Culture and the National Gandhi Museum in India organized a week-long exhibition on Mahatma Gandhi’s life and teachings in Taipei to mark his 150th birth anniversary in October 2018.

    • In 2004, Taiwan began offering Indian students the Taiwan Scholarship and National Huayu Enrichment Scholarship to study Mandarin.

Gallery

  • May 23, 2018 Taiwan Business Expo in India
  • May 23, 2018 Taiwan Business Expo in India

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Recent Investments

Wistron plans to invest $ 340 mn to expand capacity in India

Taiwanese Original Equipment Manufacturer (OEM), Wistron Corp. plans to invest around $ 340 mn to increase the production capacity of its facility in Narasapura near Bengaluru. 

Foxconn to invest $ 355 mn in Tamil Nadu Plant

Foxconn Technology plans to invest $ 355 mn in their Sriperambudur Plant in Tamil Nadu to assemble Apple's iPhone X series. The investment is expected to create 25,000 jobs. 

Kymco to partner with Twenty Two Motors

Taiwan's electric two-wheeler manufacturer Kymco plans to invest $ 65 mn in Haryana-based electric scooter start-up Twenty Two Motors over the next three years to develop electric two-wheelers for the Indian market. 

Delta Electronics plans to invest $ 500 mn over the decade

Delta Electronics India is present in India in the telecom power, renewable energy solutions and industrial automation. The firm plans to invest $ 500 mn in their new factory in Krishnagiri and large innovation and R&D centre in Bengaluru to grab an opportunity in electric mobility and energy storage space. 

China Steel sets up manufacturing plant in India

China Steel Corporation was one of the first Taiwanese enterprises to enter in India and made the largest investment of $ 178 mn in Gujarat in 2012. The company set up an electrical steel manufacturing facility with an annual capacity of 200,000 tonne.

Taiwan Plus

Taiwan Plus is the one-stop-shop for exploring and materializing your India entry plans. Set up by Invest India, the National Investment Promotion and Facilitation Agency and Taiwan External Trade Development Council (TAITRA), under the aegis of Government of India and Taiwan, the Desk will promote, facilitate and retain Taiwanese investments in India.

Working closely with the federal and state government agencies and industrial authorities in India, Taiwan Plus brings to you a seamless experience in kick-starting your India business.

Key Functions

  • An entire spectrum of investment promotion - research, outreach, promotion, facilitation, and aftercare
  • Initiating, attracting, facilitating, fast-tracking and handholding Taiwanese investments across sectors
  • Providing information on investment opportunities across sectors, in specific projects
  • Extending holistic support to the small and medium enterprises and entrepreneurs from Taiwan with an interest in investing in India

Our Team Members

Prajya Sharma

Investment Specialist, Taiwan Plus

Specializes in Renewable Energy and Power Machinery Sectors

Phil Chang

Economic Secretary

Taipei Economic and Cultural Center (TECC), New Delhi

Pranati C Kohli

Associate, Taiwan Plus

Specialisation in Electric Mobility sector

Team Advantages

  • Opportunity assessment

  • Policy and incentive advisory

  • Market entry strategy

  • Location assessment

  • JV and strategic partner research

  • Approvals and compliance advisory

  • Issue redressal support

  • Expansion advisory

  • Start-up (Entrepreneurship) support

Sectoral Opportunities in India

  • Electronic Systems

    • 2nd

      largest smartphone market 

    • 3rd

      largest scientific and technical manpower

      • $400 bn market size by 2023-24
      • $112 bn electronics market size in 2017-18 
      • Imports 50% of its current demand for electronic products
      • 100% FDI through Automatic Route
    Visit Sector 11Investible Projects

  • Renewable Energy

    • 70+ GW

      installed capacity of renewable energy 

    • 4th

      highest installed wind capacity 

      • 5th largest in renewable energy capacity globally
      • 5th largest for installed solar capacity
      • Largest renewable energy capacity expansion programme in the world
      • 100% FDI is allowed in all renewable sources of power
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  • Chemicals

    • 3rd

      largest consumer of polymers in the world

    • $304 bn

      Value of Indian chemical industry by 2025

      • 4th largest producer of agrochemicals in the world
      • 6th largest producer of chemicals in the world
      • Specialty chemicals market to reach $ 70 bn by 2020
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  • Electric Vehicles

    • 40%

      of global engineering and R&D in automobile sector spent in India

    • 4th 

      largest car manufacturer

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  • Food Processing

    • 2nd

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    • 2nd

      largest producer of fish in the world 

      • Largest producer of milk in the world
      • 2nd largest global producer of horticulture crops
      • Largest producer, consumer and exporter of spices and spice products
      • 100% FDI is allowed
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About Us

Invest India

The one stop-shop to ensure your success in India

Invest India is the National Investment Promotion and Facilitation Agency of India and acts as the first point of reference for investors in India. Invest India is transforming the country’s investment climate by simplifying the business environment for investors. Its experts, specializing across different countries, Indian states and sectors, handhold investors through their investment lifecycle ⎯ from pre-investment to after-care.

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Our Prestigious Awards

We are the most awarded IPA in the world

  • The UNCTAD Award 2018 for promoting investment in sustainable development
  • Invest India certified as “Great place to work” in GPTW 2018 Survey
  • Awarded the best investment project for the third year in a row 2016, 2017 and 2018 at the Annual Investment meeting (AIM)
  • Investment Award 2016 from the Indian Ocean Rim Association (IORA)
  • United Nations Conference on Trade and Development Investment Promotion Award 2016 for excellence in partnering for investment promotio…

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