A new FICCI report, titled ‘Unlocking the Potential: The Benefits of India as a Partner for Taiwanese Enterprises’, reveals that Taiwan could invest up to USD 15 billion in India’s manufacturing sectors. The report identifies key areas where Taiwanese companies have the potential to thrive, including Printed Circuit Boards (PCBs), electronic components, electric motors, CCTV systems, smart healthcare devices, and electric vehicle (EV) charging infrastructure.
These sectors, currently valued at USD 60 billion in India, are expected to see significant growth, with the market demand projected to reach USD 170 billion by 2030. This growth presents a prime opportunity for Taiwanese enterprises to invest and expand their footprint in India.
The report emphasises how Taiwanese companies can benefit from India’s expanding market and investment-friendly policies. With initiatives such as the India Semiconductor Mission (ISM) and the Production-Linked Incentive (PLI) scheme, India is positioning itself as a key player in global electronics and manufacturing. Improvements in infrastructure and logistics further enhance India’s appeal as a destination for foreign investment.
FICCI highlights the mutual benefits of deeper economic collaboration between Taiwan and India. Taiwan’s expertise in high-tech manufacturing, combined with India’s growing consumer base, offers a strategic advantage for both countries. The report suggests that Taiwanese firms could leverage India’s market potential to diversify their global operations, particularly in sectors such as green energy, smart cities, and information and communication technology (ICT).
The report notes that India’s emphasis on long-term sustainability and strategic partnerships aligns with Taiwan’s focus on expanding its global reach. India is seen as a favourable alternative to other Southeast Asian countries for Taiwanese businesses looking to build resilient supply chains and invest in emerging technologies.
As India continues to reform its economic policies and enhance digital infrastructure, the FICCI report presents a promising outlook for future collaborations, fostering growth across multiple industries.
