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CONNECT 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.
India - Taiwan Relations
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. The cumulative FDI inflows from Taiwan are worth $ 316 mn for Apr 2000 - Mar '19.
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
Jul 01, 2019 Invest India facilitates Foxconn
May 23, 2018 Taiwan Business Expo in India
Jul 01, 2019 Invest India facilitates Foxconn
May 23, 2018 Taiwan Business Expo in India
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Recent Investments
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
Sai Sudha Chandrasekaran
Principal Investment Specialist
Taiwan Plus Lead
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
Mehak jain
Investment Specialist
Specialisation in Chemicals sector
Team Advantages
Opportunity assessment
Policy and incentive advisory
Market entry strategy
Location assessment
JV and strategic partner research
Approvals and compliance advisory
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