The report identifies five sectors—PCBs, electronic components, electric motors, CCTV systems, smart healthcare, and EV charging—with strong opportunities for Taiwanese investment, supported by India’s growing market and investment-friendly policies.
08 Oct 2024 | 463 Views | By Autocar Pro News Desk
A recent report by FICCI, titled 'Unlocking the Potential: The Benefits of India as a Partner for Taiwanese Enterprises', highlights five specific manufacturing sectors with the potential to attract investments of up to USD 15 billion from Taiwan.
These sectors include PCBs (Printed Circuit Boards), electronic components such as ...
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A recent report by FICCI, titled 'Unlocking the Potential: The Benefits of India as a Partner for Taiwanese Enterprises', highlights five specific manufacturing sectors with the potential to attract investments of up to USD 15 billion from Taiwan.
These sectors include PCBs (Printed Circuit Boards), electronic components such as passive devices, electro-mechanical components, semiconductors, electric motors, CCTV systems, smart healthcare devices (including fitness trackers, smartwatches, heart rate monitors), and EV charging infrastructure.
The target market for Taiwan in these sectors in India is currently valued at USD 60 billion, offering opportunities for both domestic sales and exports. The report forecasts a market demand of USD 170 billion by 2030 in these areas, highlighting a significant opportunity for Taiwanese companies.
The report outlines the mutual benefits of enhancing the partnership between Taiwan and India, noting that Taiwanese companies can leverage India's market growth while contributing their expertise in high-tech manufacturing. Taiwan’s technological advancements and India’s expanding market present a strategic opportunity for both countries to collaborate.
India’s investment-friendly policies, such as the India Semiconductor Mission (ISM) and the Production-Linked Incentive (PLI) scheme, along with improvements in infrastructure and logistics, make India a promising partner for Taiwanese companies looking to expand globally.
The report also points out that Taiwan focuses on long-term sustainability and strategic partnerships, with India offering a favorable environment for such collaboration compared to other Southeast Asian countries. For Taiwanese electronics enterprises, India represents a key part of their strategy to diversify across the value chain.
FICCI’s analysis focuses on strengthening economic ties between India and Taiwan, presenting India as a growing economic landscape with significant opportunities for Taiwanese businesses seeking global expansion.
As the global economy evolves, the report outlines India’s economic reforms, infrastructure development, and digital growth, positioning it as a competitive destination for investments in sectors such as electronics manufacturing, green energy, electric vehicles (EVs), smart cities, and information and communication technology (ICT).
The report outlines a potential path for economic collaboration, aimed at building resilient supply chains, advancing new technologies, and addressing broader economic challenges. FICCI continues to support and promote India-Taiwan business relations through various initiatives, fostering opportunities for investment and collaboration across multiple industries.