Indian state of Gujarat welcomes Taiwan investment, manufacturing

Gujarat Industrial Development Corporation promotes ‘Make In India’ with incentives for Taiwanese companies

Taiwan News
Date: 2019/04/27
By: Duncan DeAeth, Taiwan News, Staff Writer

GIDC Image

TAIPEI (Taiwan News) – The Indian state of Gujarat has extended an open invitation to Taiwanese companies to come invest and trade in the region, even offering real estate for a dedicated manufacturing base.

According to reports, the Gujarat Industrial Development Corporation (GIDC) met with representatives of the Taiwan External trade Development Office (TAITRA) on Friday, and pitched a “Make in India” offer for Taiwanese investment.

TAITRA Director Krist YB Yen, and Taiwan Representative to India Chung-Kwang Tien both spoke positively about the potential of future cooperation between India and Taiwan on Friday.

Citing increased risk and instability of trade and investments in China, India is looking for more stable, long-term trade partnerships in the region, reports DNA India.

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