Taiwan sets up Investment desk in India

2017/05/18 22:17:45 fontsize-small fontsize-default fontsize-big
Tien Chung-kwang (田中光, center)

Tien Chung-kwang (田中光, center)

New Delhi, May 18 (CNA) Taiwan's Ministry of Economic Affairs (MOEA) established a "Taiwan Desk" at the Taipei Economic and Cultural Office (TECO) in New Delhi on Thursday, to help Taiwanese business people invest in the South Asian country.

The launch ceremony was co-hosted by Taiwan's representative to India Tien Chung-kwang (田中光) and Dushyant Thakor, deputy head of "Invest India" under India's Ministry of Commerce and Industry.

Thakor said he was glad Taiwan had decided to set up an investment service desk and welcomed Taiwanese businessmen to invest in India, promising that "Invest India" would do its best to provide investors with the information they need.

Tien said Taipei hopes more Taiwanese businessmen will invest in India and also wants to strengthen bilateral relations with New Delhi through talent exchange and interaction.

Nearly 90 Taiwanese companies set up branches in India and Taiwan's foreign direct investment (FDI) in India reached US$177 million in 2016, according to TECO in India.

Bilateral trade between India and Taiwan reached US$5.01 billion in 2016, up from US$930 million in 1996, according to the office.

(By Charles Kang and Kuo Chung-han)

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