With an objective to strengthen economic and trade ties between Taiwan and India, Taiwan External Trade Development Council (TAITRA), Taiwan’s foremost trade promotion organisation recently announced to host the first ever ‘Taiwan Expo’ at Pragati Maidan in New Delhi, India on May 17-19, 2018.
The Indian edition of the expo will showcase Taiwan’s latest technologies, eco-friendly products besides offering a much needed platform to boost ties in cultural, tourism and educational fields between the two countries.
“The prime objective of the Taiwan Expo is to create a platform to encourage cooperation between different industrial verticals leveraging on Taiwan’s advanced technology and industry experience. It is heartening to see that there has been a growth in trade and economic ties between India and Taiwan over the years. Trade between the two sides increased from $1.2 billion in 2000 to $6 billion in 2016 and there are nearly 90 Taiwanese companies working in different sectors of the Indian economy,” said Walter M. S. Yeh, President & CEO, TAITRA.
Taiwan Expo in New Delhi will feature eight themed pavilions along with eight specialised industry exhibition areas dedicated to diverse industry verticals including green products, smart cities, EV Alliance, healthcare, tourism, food processing machinery, textiles, automobiles, sports, agriculture, ICT products, Mandarin education and business service. Around 130 handpicked vendors from Taiwan will present their high quality products and services at the much awaited event.
Interestingly, Taiwan has transformed from hardware manufacturers to developing products using artificial intelligence (AI), Internet of Things (IoT) and virtual reality (VR) in the last few years. India had last year signed an economic cooperation agreement with Taiwan, which allows Taiwanese companies to acquire a majority stake in their Indian partner firms.