Taiwan's external trade council TAITRA is working to open the door to the Indian market.
In an interview Tuesday, TAITRA head Walter Yeh said TAITRA has already opened a center to help Taiwanese businesses interested in India. Yeh said the center's current research is focused on the machine tool and fastener industries.
Yeh said that a group representing Taiwan's fastener sector is set to travel to India in November, with groups representing the machine tool and motorcycle industries to follow.
Yeh said opening the door to the Indian market will take time but TAITRA's work has already produced some results. He said TAITRA's business-to-business platform Taiwantrade and its biggest Indian counterpart Tradeindia signed an agreement in April. He said over 30 Taiwanese businesses have since joined the Indian platform.
Yeh also said Taiwanese businesses stand to benefit from India's drive to build 100 smart cities. He said Taiwan has expertise in several fields involved in building smart cities, including smart transport, smart electric grids, and smart homes.
Source: Radio Taiwan International