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 150^th birth anniversary in October 2018.

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