Taiwan keen to boost investments in India

New Delhi, Jan 31 (PTI) Taiwan is keen to pump
investments into India, particularly in the Information
Technology sector, and hopes the Double Taxation Avoidance
Agreement (DTAA) would be signed by the year-end to help in
this regard.

The East Asian nation, over which China lays its claim,
also wants to contribute its expertise in agriculture and food
processing in India besides encouraging Indian students to go
for "efficient but cost effective" higher education in Taiwan.
The Taiwanese Representative (Ambassador) in India
Wenchyi Ong said trade between India and his country is too
meagre because of absence of political and diplomatic
relations for long and emphasised the need to give a speedy
push to this aspect.
"The economies of India and Taiwan are highly compatible.
We have to try to push the economic ties in every way," he
said.
"We were late because of the third party," he said
referring to China which had been opposing to Taipei having
any kind of independent relations with any country as it
considers Taiwan as its part.
There was scant interaction between India and Taiwan from
1949 to 1995. The relations got some momentum from 1995 when
Representative Offices of the either country were set up in
Delhi and Taipei.
Wenchyi noted that Indo-Taiwan trade is just USD 5.3
billion, accounting for mere one per cent of Taiwan's total
foreign trade. "This is too little," he said. (More) PTI AKK
ANU


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