India ties with Taiwan to increase tourists on India’s Republic Day Holiday

Published on : Friday, January 25, 2019

The top Indian envoy to Taiwan touts relationship between Taiwan and India on Thursday at an event in Taipei to celebrate India’s 70th Republic Day.

 

 

Sridharan Madhusudhanan, director general of the India-Taipei Association, noted that the direct investment from Taiwan to India has increased tenfold in the last year.

 

 

Major Taiwanese companies, such as Foxconn, Delta Electronics Co., Wistron Corp. and Century Development Corporation (CDC), are reaping benefits from their investments in India, he said.

 

 

 

CDC, a Taiwan-based joint venture that develops industrial parks, is building a Taiwan Technology and Innovation Park in Bengaluru, he added.

 

India and Taiwan also updated a bilateral investment agreement in December 2018, and jointly established an investment facilitation office in New Delhi exclusively for Taiwanese businesses, called “Taiwan Plus,” the envoy noted.

 

 

“On people to people contacts, we see an increased flow of tourists on both sides. More Indian students are opting for Taiwan universities than before,” he said at the event organized by the India-Taipei Association.

 

 

Deputy Foreign Minister Hsu Szu-chien, who also attended the event, said trade and tourism between Taiwan and India increased last year.

 

 

Bilateral trade in the first 11 months of 2018 increased by 12.5 percent from the previous year, while the number of tourists visiting Taiwan from India during that period grew by about 11 percent from the same period in 2017, he said.

 

 

Hsu said the New Southbound Policy launched by President Tsai Ing-wen’s administration sees India as one of Taiwan’s most important partners.

 

 

Taiwan’s government is helping to develop the Taiwan Technology and Innovation Park in Bengaluru, he said, adding that the park is expected to be the first industrial cluster for Taiwanese businesses in India and could facilitate further investment in the country.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

@Focus Taiwan

(No Like Yet)

Related Posts

Tags: ,

Comments are closed.

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 01 WTM 2020
  • 02 WTM London 2020
  • 06 ITB Asia 2020
  • 12 ITE Hong Kong 2020
  • 13 IMEX 20
  • 16 FHC 2020
  • 16 G&A 2020
  • 16 ITB asia 2020
  • 16 TAAPE 2020
  • 17 GWS-2020
  • 23 emitt 21
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. Asia Amusement & Attractions Expo 2020

      August 4 - August 6
    2. ITE Hong Kong 2020

      August 7 - August 9
    3. Hotel Investment Conference Australia New Zealand

      August 12 - August 14
    4. DRT SHOW BEIJING

      August 14 - August 16
    5. IBTM AMERICAS 2020

      August 26 - August 27
Get our toolbar!
Review www.travelandtourworld.com on alexa.com