New Delhi: Taiwan has more than 90% of the world’s market share in computers (desktop and notebooks), 70% in semiconductors, 50% in liquid crystal display (LCD) and 44% in integrated circuit (IC) design.
A delegation of ten industry experts and government representatives mounted by CII is presently in Taiwan, participating in the Invest India Mission and exploring investment opportunities. Meetings with senior government officials, trade organizations, members of academia and with officials of leading enterprises like Delta, Inventec Corporation, ASUStek have been scheduled.
* Apart from above mentioned strengths, Taiwan is a leader in biotechnology and nanotechnology too.
* It has a strong manufacturing sector and a well-developed service sector, like many developed economies.
* Taiwan was part of “East Asia Miracle” which started around 1960s, when relatively small economies of East Asia, like Singapore and Malaysia were growing at a faster pace than most large developed western economies, based on export-led growth strategy.
* Indian SEZs offers world-class infrastructure and host of tax incentives to investors, in order to boost manufacturing and exports.
* Taiwanese investors can utilize the manufacturing boom in India, which began to pick up from last fiscal year and is registering its fastest rate in 12 years.
* India is strong in software sector and can compliment Taiwan’s hardware expertise effectively, together in the international market.
* It has a rich experience of engaging with SMEs in China, where Taiwan is the largest foreign investor. Channeling some of the investments into India would help risk diversification and facilitate utilization of under-utilized capacities.
* It faces the challenge of a greying population. While it may be able to secure low-cost labour from East Asian countries, it can take advantage of India’s relatively young manpower through outsourcing and offshoring and investments in India.
* Since the reciprocal establishment of representative offices in 1995, bilateral trade has more than trebled. By 2005-06, it surpassed US$ 2 billion.