Taiwan looks at increasing investment in India; eyes business from Smart Cities

After investing USD 360 million in India last year through its companies, Taiwan has now committed to further boost its investment and trade with India.

Ambassador Tien, Chung-Kwan, Representative, Taipei Economic and Cultural Center in India, was quoted as saying that the USD 360 million investment in India last year was 12 times that of 2016 and more companies from Taiwan are now willing to invest in India. He added that Taiwan has looked beyond smart cities and focused on smart applications to improve daily life and can contribute in the areas of e-bus for smart transportation, e-highway, efficient water distribution, energy management, green energy, LED, green building and big data to connect people to hospitals and schools.

The volume of trade between India and Taiwan has increased from less than USD 1 billion in 2000 to USD 7.5 billion in 2018.

Having successfully turned some of its apex cities into smart cities, Taiwan is now offering its products and expertise to India where 100 smart cities are in the making.

Taiwan External Trade Development Council (TAITRA) in association with FICCI is organising Smart Asia 2019, focussing on smart city solutions, smart technology applications, and city development products and services, where a large number of companies from Taiwan are showcasing their products and solutions.

Emilia Shih, executive director, Exhibition Department of TAITRA was quoted as saying that Smart Asia 2019, with its primary focus on smart energy, transportation and water management, is bound to make a lasting change in the region.

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