A sizable number of Taiwanese companies are going to set up production bases at two industrial parks in India which are being set up exclusively for leading industries from Taiwan. Five years ago the two countries signed a landmark bilateral investment pact to protect Taiwanese investment in India.
“There is huge scope for collaboration between New Delhi and Taipei in areas of emerging and critical technologies including manufacturing of semiconductors and electronics equipment,” the Minister told news agency Press Trust of India.
India is keen on having production facilities of leading Taiwanese chip producers including Taiwan Semiconductor Manufacturing Corporation, the world’s largest chipmaker.
Taiwan is looking at its ‘China-Plus-one’ strategy, which aims at encouraging businesses to expand their operations outside of China while maintaining their presence in the country.
Kristy Tsun-tzu Hsu, the director at premier policy think-tank Taiwan ASEAN Studies Center at Chung-Hua Institution of Economic Research, said, “India is strong in its software capabilities while Taiwan is strong in hardware and manufacturing in the ICT sector. There is a lot of room for complementary collaboration here. Secondly, India enjoys a very huge domestic market. So this is also an incentive for investment.”
Last updated: December 26th, 2025
