Jan 21, 2019 Business & Finance Comments Off on Taiwan sends first delegation to Gujarat investors’ summit in India
A delegation of 36 major Taiwan firms and medical institutions took part in the Vibrant Gujarat Global Summit Jan. 18-20 in the western Indian state, according to the Taiwan External Trade Development Council (TAITRA).
Led by TAITRA Chairman James C. F. Huang, the group was the first Taiwan has sent to the biennial event and featured industry heavyweights such as wireless telecommunications product developer Accton Technology Corp., industrial chemicals provider Eternal Materials Co. Ltd. and electric bus firm Tron-e Technology Co. Ltd.
During the three-day investors' summit, TAITRA set up a special booth to showcase the latest products and services from 19 local companies in sectors spanning Industrial 4.0, the Internet of Things, precision machinery and smart living. The display attracted significant interest among attendees since the firms are a strategic match with the Digital India and smart cities policy initiatives proposed by Indian Prime Minister Narendra Modi, TAITRA said.
Taiwan's participation in the summit also showcases the country's progress in advancing the government's New Southbound Policy. The NSP is enhancing Taiwan's agricultural, business, cultural, education, tourism and trade ties with India as well as the 10 Association of Southeast Asian Nations member states, five other South Asian countries, Australia and New Zealand.
Another highlight was the Taiwan Investment Seminar staged by TAITRA on the second day of the summit. More than 300 business leaders took part in the event covering the nation's business environment and potential synergies of Taiwan-India industrial cooperation.
The seminar also saw TAITRA and Gujarat's GESIA IT Association sign a memorandum of understanding on joint trade promotion. In addition, Taiwan Fertilizer Co. Ltd. and Gujarat Narmada Valley Fertilizers and Chemicals Ltd. as well as Taipei City-based International CSRC Investment Holdings Co. Ltd. and Gujarat Industrial Development Corp. concluded two investment agreements on exploring business tie-ups.
Huang also delivered a speech on the sidelines of the summit where he shared the successful development experiences of Taiwan's small and medium enterprises and called for future cooperation between the two sides in the potential-laden area.
Source: Taiwan Today
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