Taiwan industry bodies sign three MoUs with Indian counterparts.

Three Taiwanese industry bodies recently signed separate memoranda of understanding (MoUs) with their counterparts in India. The three MoUs related to shipbuilding, electronics and textiles and were in addition to the three agreements signed at the Vibrant Gujarat 2015 summit.

While the Confederation of Indian Textile Industry (CITI) entered into a MoU with Taiwan Textile Federation, the Electric Lamp and Component Manufacturers' Association (ELCOMA) signed a MoU with Taiwan Electrical & Electronic Manufacturers' Association.

An MoU was also signed between Shipyards Association of India and Taiwan Shipbuilding Industry Association.

The MoUs are the beginning of new friendship between India and Taiwan and will provide the platform to expand the industrial collaboration between the two countries, said Shih-Chao Cho, Deputy Minister, Ministry of Economic Affairs of Taiwan. He lauded Prime Minister Narendra Modi's 'Make in India' and 'Digital India' initiatives.

'We can feel the determination of the Indian government to liberalise and deregulate to bring in investments', said Cho, who is leading a 50-member delegation from Taiwan

Rakesh Zutshi, Managing Director, Halonix Technologies, later told BusinessLine that Taiwan could play a role in providing LED technology to India and expanding its use here. On behalf of ELCOMA, Zutshi had exchanged the MoU with TEEMA.


HBL