Taiwanese investments in India increased twelve-fold in 2018 over 2017
Taiwan News
Date: 2019/05/15
By: Duncan DeAeth, Taiwan News, Staff Writer
TAIPEI (Taipei News) – Recent statements from the Department of Investment Services
(Pixabay photo from Shameersrk)
of the Ministry of Economic Affairs (MOEA) indicate that the economic and trade partnership between India and Taiwan is on track for steady growth over the coming years.
In 2018, total Taiwanese investment in India increased by a multiple of 12, with 21 applications for major investments totaling over US$360 million were approved by MOEA. In 2017, there were only 8 investment applications totaling US$30.5 million.
The total foreign investments in India by Taiwanese companies is just over US$700 million, reports UDN, meaning investments in 2018 alone, amount for over half of all Taiwanese investments in India.
Taiwan has established four trade offices in India over the past few years. Since the year 2000, bilateral trade has increased six fold to stand at US$7 billion dollars’ worth of goods and services in 2018, reports First Post. [FULL STORY]