By: Liao Yu-yang and William Yen
Taipei, Oct. 12 (CNA) Taiwan’s Chinese National Federation of Industries and the
Federation of Indian Chambers of Commerce and Industry (FICCI) signed 21 letters of intent in Taipei Thursday to increase economic cooperation between the two countries.
The signing took place at the Taiwan-India Industrial Collaboration Summit which is being held on Thursday and Friday.
The event invited over 70 representatives from India, including Ajay Sawhney, secretary of India’s Ministry of Electronics & Information Technology and FICCI representative Manish Sharma.
Taiwan’s Deputy Economic Affairs Minister Kung Ming-hsin (龔明鑫) said at the event that India’s economic growth has exceeded an annual average of 7 percent in the last three years, while Taiwan is also trying to implement an industrial innovation plan. That combination, he said, allowed for great opportunities for cooperation between the two countries. [FULL STORY]