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Taiwanese businesses look to India as alternative to China

More than 10,000 Taiwanese companies, including Apple suppliers Foxconn and Wistron have massive operations in China, thanks to its tax incentives, organised supply chain and logistics, efficient business parks as well its cultural ties to the island. But a trade war between the US and China has led to higher tariffs on goods worth tens of billions of dollars and disrupted global supply chains. Now, Taiwanese firms are looking to invest in India’s technology, renewable energy, electric vehicle and farm sectors. Trade between India and Taiwan will likely touch $10 billion over the next few years.

Read More at Reuters News date : 21 Sep 2019, Saturday

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