New Delhi, Feb. 4 (CNA) Taiwan and India signed a memorandum of understanding in New Delhi on Friday to increase exchanges and cooperation in the field of telematics and discuss standards related to the sector.
Paul Chou (周宗保), secretary general of the Taiwan Telematics Industry Association, signed the MOU with Vinnie Mehta, director general of the Automotive Component Manufacturers Association of India (ACMA) at the New Delhi Automotive Summit sponsored by the ACMA.
Noting that Indian Prime Minister Shri Narendra Modi has a vision of developing smart cities in India, Chou said smart traffic is a crucial part of a smart city.
"This will provide a good opportunity for Taiwan," he said, adding that Taiwan has years of experience in the telematics industry.
He said the Taiwan Telematics Industry Association attended the forum to hold discussions with other countries and signed the MOU with the ACMA to promote exchanges and cooperation with India. In the MOU, the two sides also agreed to discuss specifications and standards related to a smart traffic, Chou said.
Given the global trend of smart vehicles, demand for automatic electronics is expected to expand, Chou said, noting that Taiwan's Foxconn Technology Group, Acer Inc., Advantech Co. and ASE Group have already made inroads into the Indian market.
(By Charles Kang and Lilian Wu)