Taiwan – India bonhomie
Taiwan’s FDI in India to increase by eight times
News Kashmir Analysis
Taiwan and India are all weather friends. As a matter of fact, in this regard Taiwan’s direct foreign investment in India will be eight times more than what it is today in the next five years, Simon Lee, president of Taiwan Chamber of Commerce told recently ET adding that these investments will mainly be in the electronics and non-leather footwear sectors over the next three years.
It has been affirmed that
Investors in Taiwan are looking at India as a bright future in the next 10 to 15 years. India will be a manufacturing hub for the world.
Taiwan is a major partner in investing in hydro- electric projects across the country especially in Arunachal Pradesh. Investors in Taiwan see very bright future for India and envisage India as manufacturing hub in next coming decade.
Simon Lee has opined that there are some challenges to this partnership like Cultural Differences and grasping local regulations that keep some Taiwan firms away from India.
