“Mumbai is the Commercial and Economic Capital of India. However, Taiwanese companies do not have strong presence in this mighty city in terms of investment. We, therefore, need more Technological collaborations that can benefit small and medium enterprises. We are planning to set up office of Taipei Economic and Cultural Center in this financial hub, in the next six months, in order to facilitate business development and movement of persons between Taiwan and India,” said H.E. Mr. Baushuan Ger Amb., Representative, Taipei Economic and Cultural Center in India at an interactive meeting organized by AIAI with World Trade Center Mumbai. Mr. Ger was accompanied by a high-level delegation from Taiwan.
Mr. Ger further remarked, in order to enhance our business ties, we need to invest in entrepreneurship development through our universities, think tanks and student-exchange programmes. This calls for enhanced bilateral engagement between the people of the two countries. Mr. Ger suggested establishment of educational, science and technological institutes for working towards the same.
Speaking on the occasion, Dr. P. Anbalagan, CEO, MIDC, Government of Maharashtra suggested, “Maharashtra whole-heartedly welcomes Taiwanese investors and shall be able to earmark a separate industrial park complex in Talegaon / Aurangabad or in any other suitable industrial zone in Maharashtra, to set up manufacturing units as Maharashtra is a favorable investment destination.” Dr. Anbalagan assured single window clearance for all the requisite permissions and cooperation needed by Taiwanese companies for conducting manufacturing activities in Maharashtra, as they have shown interest in undertaking such activities in Maharashtra.
Earlier in his Welcome Remarks,Dr. Vijay Kalantri, President All India Association of Industries Chairman, MVIRDC World Trade Center said, “Trade between India and Taiwan can grow multi-fold from the current about USD 6 billion as Taiwan assures of competitively priced and good quality products. Taiwanese companies can also set up manufacturing activities in Maharashtra / India and use India as a hub for exporting to neighboring countries.”
Dr. Kalantri further remarked, “We invite Taiwanese companies to partner with Indian businesses through joint ventures, technology transfers and setting up of manufacturing capacities. The Indian government is investor-friendly and the laws are pro-business.” He assured operational support to Taiwanese companies willing to open offices in Maharashtra, and invited Taiwanese delegations to enhance commercial ties between the two countries.
Capt. Somesh Batra, Vice Chairman, MVIRDC World Trade Center proposed the Vote of Thanks. Capt. Batra urged Taiwanese businessmen to take advantage of collaboration opportunities in India’s
electronic and agricultural sectors, given Taiwan’s technological prowess, as India soars on the path of development.
A presentation on services offered by AIAI & MVIRDC World Trade Center such as trade research, trade education, trade promotion and online bilateral exhibitions with countries such as Zambia, Caribbean countries and Vietnam in sectors such as textiles and home décor, pharma and wellness, agro, agro-processing and biotechnology, auto and engineering and renewable energy, among others was made during the programme.
The programme was attended by a high-level delegation from Taiwan, officials from Taipei Economic and Cultural Center in India and others.