Taiwan unveils opening of new trade office in New Delhi

New Delhi, A new office of the Taiwan External Trade Development Council (TAITRA) in India will be inaugurated in New Delhi next month with the aim of giving more assistance to Taiwanese businesses seeking to expand their markets in South Asia, TAITRA Chairman James Huang (???) announced Tuesday.

The New Delhi office is TAITRA's fourth such office in the country, following the establishment of three other offices in Mumbai, Chennai and Kolkota.

The office in New Delhi -- the political, economic and cultural center of India -- is TAITRA's 61st such office around the world, Huang said at a press event to unveil the office's establishment.

Noting that India is the world's sixth-largest economy, with a population of 1.3 billion people and a massive labor force, Huang said the country has regained its title as the world's fastest-growing major economy due mainly to a slew of economic policies launched by Indian Prime Minister Narendra Modi over the past few years, and has the potential to be the most powerful driver of global economic growth in the 21st century.

In comparison, despite its small land area and lack of natural resources, Taiwan has the world's leading information and communication technology, machinery, automobile parts, petrochemical and green energy industries, and is a leader in developing technologies for smart city solutions. It has also set up a large number of manufacturing facilities in China and Southeast Asia, Huang said.

Taiwan is undeniably an important partner of India, as Modi is promoting the Made in India, Digital India, Green India and Skill India initiatives, while Taiwan is pushing its New Southbound Policy of building closer ties with countries in South and Southeast Asia, he added.

TAITRA, Taiwan's foremost nonprofit trade promotion organization, is the best platform for promoting two-way trade, investment and business cooperation between the two countries. After the New Delhi office's opening, Taiwan will organize a Taiwan Expo 2018 in May in the office to help expand bilateral trade and investment between the two economies, according to Huang.

Source: Focus Taiwan News Channel