Amid chill in China ties, India and Taiwan look to ‘deeply engage’ in electronics, chips and green tech

Taipei economics minister on visit to New Delhi with top business leaders from island announces signing of at least 20 memorandums of understanding

‘Imperative for Taiwan to look at India with fresh eyes given geopolitics and supply-chain realignment,’ says de facto New Delhi envoy to Taipei

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Attendees at the 2022 India-Taiwan Industrial Collaboration Summit in New Delhi on Thursday. Photo: Courtesy of FICCI via Twitter

Published: 6:00am, 5 Nov 2022Updated: 6:38am, 5 Nov 2022

Declaring intentions to “deeply engage” with India, Taiwan’s deputy economic affairs minister announced the signing of at least 20 memorandums of understanding between business groups from the island and India in New Delhi on Thursday.

Extending support to New Delhi’s Make in India policy and expressing hopes for a possible free-trade agreement, Chen Chern-chyi, who visited India with top business leaders from the island, described the country as “very fertile ground” for Taiwanese companies.

“We work with local partners. We are heavily dependent on the Indian government to help us invest here,” said Chen.

The minister vowed to “emphasise” India in Taiwan’s New Southbound Policy, a regional strategy to develop comprehensive relations with Asean, South Asia, as well as Australia and New Zealand to minimise its economic dependence on China.

Chen’s remarks came during the 2022 India-Taiwan Industrial Collaboration Summit jointly held by the Federation of Indian Chambers of Commerce and Industry and Taiwan’s Chinese National Federation of Industries.

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