Taiwan to explore investment opportunities in India
05 Sep '07
3 min read
Taiwanese investments in India have the potential to touch US$ 4 billion by 2010, according to Mr Gopal Srinivasan, who is leading a CII Buisness Delegation to Taiwan.
Mr Srinivasan, Director TVSE said that Taiwanese entrepreneurs recognize India as a powerful economic opportunity.
While the larger Taiwanese companies are beginning to make their presence in India, it is the SMEs in Taiwan that needed handholding. Should these SMEs be facilitated, Taiwanese investments in India could grow ten folds from the current USD 400 Million.
To take the business transactions and investments into India from Taiwan to the next level, the CII has identified four areas/issues that need to be addressed/resolved.
These are:
• Double Taxation Avoidance Treaty
• Mutual recognition of Technical degrees
• Better air connectivity with leading metros in India
• Hassle-free issuance of Work permits/employment VISAs for Indian professional to Taiwan
Mr Gopal Srinivasan is leading a hi-powered nine-member industry delegation for three days to Taipei, Taiwan from September 03 until September 05, 2007.
The delegation called on several influential trade promotion agencies and leading business houses such as Bureau of International Cultural and Education Relations, Bureau of Civil Aviation, TICC, TAITRA, Delta Electronics, TSMC, UMC and Asustek Computer.
The companies evinced keen interest in business opportunities and propositions that were highlighted during the presentations made in areas such as IT hardware, Semiconductors, Textiles, Machinery, leather and footwear etc.
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