World Trade Center Mumbai organised an interactive meeting with a High Level Business Delegation from Taiwan led by Mr. Peter Huang, Specialist of South Asia section, Market Development Department, Taiwan External Trade Development Council, to discuss the emerging opportunities for bilateral economic cooperation.

Mr. Huang remarked, “India is a friendly and hospitable country for Taiwanese industry. Taiwan is looking seriously to enhance trade and investment relations with India. Our commercial relation is growing from strength to strength, and this is our 15^th business delegation to India. India is still an untapped market for Taiwanese firms and there is huge trade and investment potential in India, especially in electronics, auto-components, machineries, food processing, medical devices and other sectors.”

Dr. Vijay Kalantri, Chairman, WTC Mumbai emphasized that both the countries should grow bilateral trade to USD 25 billion, from the current level of USD 8 trillion through partnership in investment and technology cooperation. He suggested Taiwanese companies to invest in India and also increase import from India to balance bilateral trade, which is skewed in favour of Taiwan. Of the USD 8 billion bilateral trade, Taiwan exports USD 6 billion and imports hardly USD 2 billion from India.

“WTC Mumbai has led several trade delegations to Taiwan with focus on agriculture, water, electronics and other sectors. In future, we are committed to facilitate our commercial partnerships in electronics, shipbuilding and other sectors of mutual interests,” Dr. Kalantri added.

Capt. Somesh Batra, Vice Chairman, WTC Mumbai proposed vote of thanks for the event.

The Taiwanese business delegation represented sectors such as auto-components, medical devices, electronics, industrial machinery, processed food, printed circuit boards, steel, laundry equipment and others.

The event was followed by B2B meetings between Taiwanese delegates and Indian delegates, which lead to fruitful joint ventures, investments, technology exchange and trade opportunities.

In photo: (From left to right): Mr. Poyi Edison Hsu, Director, TAITRA Mumbai; Capt. Somesh Batra, Vice Chairman, WTC Mumbai; Mr. Chen, Yi-Chang, General Manager, CHK SEALING TECHNOLOGY CO., LTD.; Dr. Vijay Kalantri, Chairman, WTC Mumbai; Mr. Peter Huang, Specialist of South Asia section, Market Development Department, Taiwan External Trade Development Council; Capt. Ramesh Gulati, Member, Council of Management, WTC Mumbai; and Ms. Rupa Naik, Executive Director, WTC Mumbai.