5.9.15

Taiwan comes calling

Taiwan will soon set up an industrial park near Ahmedabad with focus on automotive parts, textile and ICT sectors. James Chen, member of advisory committee of TAITRA (Taiwan External Trade Development Council) said that land for Taiwan industrial park has been identified and acquired as well. “The ministry of economic affairs of Taiwan is working towards assembling many Taiwanese companies in Gujarat. Initially , the focus will be on automotive, textile and information, communication and technology (ICT) sectors,“ said Chen.
In 2011, the then chief minister Narendra Modi had announced that Taiwan will set up an industrial park in Sanand. The industrial park is likely to be spread over 700-800 acres in Sanand and Gujarat Industrial Development Corporation (GIDC) will develop it.
“In the next two to three years, you can see investments from Taiwan in Gujarat. In the last two years, we have had over 150 business meetings with various companies and government officials in Gujarat,“ added Chen. He also said that Taiwan is interested in setting up SEZs and industrial clusters in Gujarat.
Chen also said that a 25-member delegation comprising Taiwanese companies from various sectors will be visiting Gujarat on October 5 this year. “The members are still being finalized and it will be a horizontal delegation. Our aim is `trade first before investment'. We will showcase Gujarat to the delegation.“

No comments: