Taiwan is pitching India as a potential business destination to its tech, auto, ...
) have massive operations in China, thanks to its tax incentives, organized supply chain and logistics, efficient business parks as well its cultural ties to the island.
“This trade war has encouraged more Taiwanese companies to figure out other options. So India and also other ASEAN countries are the alternative markets,” Shih-Chung Liu, vice chairman of Taiwan External Trade Development Council, told reporters. Beijing maintains that Taiwan, an island 110 miles off the Chinese mainland, does not qualify for formal diplomatic ties with any country. And though India has no formal relation with Taiwan, Taipei runs an Economic and Cultural Center in capital New Delhi, which operates as a de facto embassy.
It has opened four trade offices in India in the last few years and bilateral trade with Asia’s third-biggest economy stood at $7 billion in 2018.
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