Indian market has the potential to be the next growth frontier for Taiwan

Mumbai, September 28, 2023: The much-awaited, Taiwan Expo 2023 is gearing up for yet another stellar trade show in India, scheduled from October 5-7, 2023, at NESCO Exhibition Centre, Goregaon, Mumbai. This will be the 6th edition of the Expo in India and more importantly, it is back in its physical avatar, allowing exhibitors and visitors to have a closer look and deeper experiential interaction with the product portfolio. This year the Expo will have 6 themes, and 7 pavilions on display across key categories like Smart Manufacturing, Smart City, Smart Agriculture, Smart Lifestyle, and EV. Some of the highlight products that are being showcased at the Expo include UAV from Ahamani EV Technology Co. Ltd, the world’s first 5G Mixed reality glasses from Compal Electronics Inc, Hydrogen 2-3 wheels motorcycle from Chung Hsin Electric & Machinery Manufacturing Corporation and EV power system from Teco Electric and Machinery Co. Ltd., to name a few.

There was a curtain raiser event to announce the Expo, which was attended by key dignitaries, Mr. Homer Chang, Director General, Taipei Economic and Cultural Centre (TECC), and Mr. Keven Cheng, Deputy Executive Director, Taiwan External Trade Development Council (TAITRA). Special invitees from India included Dr. Ravindra Kute, President, Maharashtra, Indian Medical Association (IMA), and Mr. Vikram Mathur, Executive Director, Business Network International (BNI), amongst other eminent personalities.

Speaking at the event, K. J. Cheng, Deputy Executive Director from TAITRA said, “We are delighted to organize yet another edition of Taiwan Expo in India. The Expo will showcase the latest products and solutions curated based on the most recent government policies, local market demands and consumption trends. Furthermore, the expo will organize networking events, including One-on-one Business Match Meeting and a variety of stage events to encourage interactions between Taiwan and India businesses. We hope to continue to build a best stage that promote bilateral trade relations between both countries”

Organized by Taiwan External Trade Development Council (TAITRA), Taiwan Expo is its flagship exhibition to fortify the ties between Taiwan and the ASEAN countries including India. Since its inception in 2017, the Taiwan Expo has emerged as a leading platform for Taiwanese businesses to explore new opportunities, exchange ideas, and forge partnerships in ASEAN, South Asia, and North America. Thus, the Expo is credited with being the premier online sourcing hub in ASEAN countries and India. It is a testament of Taiwan’s strong and long-term commitment to promoting bilateral trade relationships with India.

According to the Taiwan government’s official data, India is its 16th-largest trading partner and 13th-largest export destination. It is interesting to note that the bilateral trade between India and Taiwan totaled $8.46 billion in 2022, representing an increase of 9.86% over 2021.

In recent years, India is building itself as a viable alternative hub within the global supply chain framework and the ongoing geopolitical and economic scenario provides synergy to both India and Taiwan with opportunities to navigate cooperation for achieving mutually beneficial commercial ties through stronger business bilateral relations.