Business groups of Taiwan, India to promote economic cooperation
Oct 06, 2016 UncategorizedComments Off on Business groups of Taiwan, India to promote economic cooperation
Business groups of Taiwan and India are committed to further promoting economic cooperation and exchanges between the two nations, the head of a Taiwanese delegation said on Thursday, pointing out that there is ample room for improving bilateral ties.
Addressing the 16th joint meeting of Taiwan-India Business Councils held in New Delhi on Wednesday, Taiwan's former Minister of Economic Affairs Shih Yen-shiang (???) said that trade between the two nations has increased to US$6 billion a year, five times over the figure registered in 2001 and has good growth potential.
Taiwan's government has been actively pushing ahead its new southbound policy which is aimed at further strengthening cooperation with Southeast and South Asian nations, including India, Shih noted.
Shih attended the meeting in his capacity as president of the India Committee of the Taipei-based Chinese International Economic Cooperation Association (CIECA) and head of the Taiwan delegation.
Meanwhile, Taiwan's representative to India Tien Chung-kwang (???) said that Taiwan and India have long cooperated in trade, economic, education, cultural and other fields and that his office will continue encouraging Taiwanese business people to deepen their investments in India, so as to establish long-term partnerships with their Indian counterparts.
The meeting was jointly presided over by Shih and K.K. Modi, head of India's Federation of Indian Chambers of Commerce and Industry (FICCI) delegation.
During the meeting, the two sides discussed topics related to the development of smart cities, electronic business, the manufacturing of auto parts and accessories, and other industries. They also exchanged views on future trends in different industries.