Taiwan-India industrial cooperation elevated to an even higher level

Dozens of MOUs have been signed over the past few months set to strengthen bilateral industrial exchanges

Taiwan News
Date: 2017/12/20
By: Jose Kalathil, Taiwan News, Contributing Writer

Silicon Valley of India (By Wikimedia Commons)

NEW DELHI (Taiwan News) – The Taipei Economic and Cultural Center in India (TECC) and the India-Taipei Association (ITA) have signed a Memorandum of Understanding (MOU) on Promotion of Industry Collaboration, as part of efforts to elevate Taiwan-India industrial cooperation to an even higher level.

The MOU was signed by TECC Representative Ambassador Chung-Kwang Tien and ITA Director Sridharan Madhusudhanan in New Delhi in the presence of Deputy Director General of Bureau of Foreign Trade of Taiwan, Dr. Guann-Jyh Lee and Joint Secretary of Ministry of Commerce and Industry of India, Vandana Kumar.

Under the MOU, Taiwan and India will expand the scope of cooperation in not only trade and investment but also in industrial collaboration. The MOU involves cooperation in research and development (R&D), design and engineering, product manufacturing and after sales services.

With that, Taiwan and India will adopt various models for cooperation in order to create synergies and industrial value chains, as well as develop products/services and enhance their added value.

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