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.

    • FDI inflow from Taiwan has increased almost 10 times between FY 18 and FY 19. The cumulative FDI inflows from Taiwan to India are worth $361.75 mn for April 2000 to June 2020.

    • The bilateral trade between India and Taiwan is on the rise - it has increased from $2 bn in FY 06 to $7 bn in FY 19, registering a 250% growth.

    • 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.

  • Electronic Systems

    Electronic Systems

    • 2nd

      largest telephone market 

    • 3rd

      largest scientific and technical manpower

      • One of the top 3 global economies in terms of the number of digital consumers
      • $400 bn market size by 2023-24
      • Estimated to reach over 900 million internet subscribers by 2025
      • 100% FDI through Automatic Route
      • 13 million jobs created (direct and indirect)
      • $100 - 130 bn in economic value by 2025
      • 13% of domestic production exported in (2018-19)
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    Electronic Systems

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  • Renewable Energy

    Renewable Energy

    • 87 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
      • Target of achieving 450 GW by 2030
      • World’s largest solar park (2GW) set up in Karnataka
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    Renewable Energy

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  • Chemicals

    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
      • Demand of chemical products is expected to grow at approximately 9% p.a. over the next 5 years
      • Indian Fertilizer market is expected to grow at 13% CAGR from FY19-23 to around $138 bn
      • 100% FDI allowed under the automatic route (except in case of certain hazardous chemicals)
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    Chemicals

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  • Capital Goods

    Capital Goods

    • 12%

      contribution to overall manufacturing in India

    • 5 million 

      direct employment in 2025

    • 25 million 

      indirect employment in 2025

      • Indian generation and transmission and distribution(T&D) equipment market to reach $100 bn by 2022 
      • 100% FDI allowed under automatic route
      • The industry is divided into 10 sub-sectors where electrical equipment is the largest sub-sector
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  • Food Processing

    Food Processing

    • 2nd

      in the world in total food production 

    • 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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    Food Processing

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Investible Projects

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    Projects

    15541

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    Opportunity

    $1,980.79 bn

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    Promoters

    1051

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    District

    738

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    Private Projects

    217

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    Govt. Projects

    12443

Recent Investments

Pegatron

Pegatron registers first India subsidiary in Chennai

Pegatron, Apple's second-largest contract manufacturer, has registered a subsidiary in India, to expand the manufacturing capacity of iPhones in the country.

Foxconn in India

Foxconn to invest $1 bn in Tamil Nadu Plant

Foxconn Technology Group plans to expand their Sriperambudur Plant in Tamil Nadu. The investment will take place over 3 years and is expected to add 6,000 jobs at the plant.

Wistron in India

Wistron plans to invest $165 mn for India plant expansion

Taiwanese Original Equipment Manufacturer (OEM), Wistron Corp. plans to invest $165 mn to increase production capacity of its facility in Narasapura near Bengaluru.

Maxxis in India

Maxxis bets big on India as it eyes to enter top 5 global tyre maker list by 2025

Taiwanese tyre major, Maxxis Group plans to invest $400Mn on its first manufacturing plant at Sanand in Gujarat, where it is working to hike output to 60,000 units of two-wheeler tyres per day from the current 20,000 units a day, as part of the project's Phase I expansion.

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

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

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About Us

Invest India

The one stop-shop to ensure your success in India

Our Prestigious Awards

We are the most awarded IPA in the world

  • Best Investment Project Award five years in a row - 2016 to 2020 at the Annual Investment Meeting (AIM) organized by the Ministry of Economy, UAE.

  • Great Place to Work Certification by GPTW Survey 2019

  • The UNCTAD Award 2018 for promoting investment in sustainable development

  • Great Place to Work Certification by GPTW Survey 2018

  • Investment Award 2016 from the Indian Ocean Rim Association (IORA)

  • United Nations Conference on Trade and Development (UNCTAD) Investment Promotion Award 2016 for excellence in partnering for investment promotion