Taiwanese tech cos warm up to India
They’re cutting down exposure to China, prefer to relocate to India amid increasingly tense relations with the dragon nation
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Taipei Leading Taiwanese technology firms are looking at relocating their manufacturing bases to India to bring down their exposure to the Chinese market, top policymakers in the Taiwan government have said, amid the self-governed island’s increasingly tense relations with China. Deputy Minister for Taiwan’s National Development Kao Shien-Quey said 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.
In an interaction with a group of international journalists, she said major Taiwanese technology giants are looking at India as a key destination to strengthen their global supply chains. Kristy Tsun-tzu Hsu, the director at premier policy think-tank Taiwan ASEAN Studies Center at Chung-Hua Institution of Economic Research, described India as an important country for Taiwan and said Taiwanese companies operating in China are looking at decoupling the global supply chain from that country while maintaining it for the domestic consumers. Leading Taiwanese companies are increasingly looking at relocating their production bases from China to EU, US and India.
