TAIWAN-INDIA 2LST

The Taiwanese Representative hoped bilateral trade and
investment would get a boost once the DTAA is signed. He said
three rounds of talks have been held and the proposed
agreement is expected to be signed by the year-end.

The DTAA is a building block for the Free Trade
Agreement, he said.
Identifying IT as one of areas that have tremendous
potential for growth, Wenchyi said Taiwan has expertise in
manufacturing while India has excellence in designing and
these strengths need to be synergised.
"Through cooperation with Taiwanese companies, India can
become a hub of IT manufacturing with Indian brands," he said,
adding he was working in this direction and had held talks
with officials of companies like Wipro and HCL.
The Representative, who has been travelling across the
country exploring business opportunities for Taiwan, said he
had found Gujarat as "the right destination", particularly
considering the "warm response" of the state government and
Chief Minister Narendra Modi.
Wenchyi said agriculture is another area having potential
for cooperation.
"In agriculture technology, we are stronger than Israel,"
he said, adding it would be beneficial for boosting growth in
India, especially in states like Bihar and Madhya Pradesh.
Taiwan is also ready to offer expertise in the food
processing sector. The expertise, he said, could be used in
rural areas of India so that losses of food produce during
transportation is reduced. Also, it will help create jobs in
rural areas. PTI AKK
ANU


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