Forging New Frontiers at India-Taiwan Industrial Collaboration Summit 2024

NEW DELHI: On September 30, 2024, New Delhi will host the 8th India-Taiwan Industrial Collaboration Summit, organized by the Federation of Indian Chambers of Commerce & Industry (FICCI) in partnership with the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) and the Chinese National Federation of Industries (CNFI).

This summit aims to strengthen bilateral trade and industrial cooperation between India and Taiwan, bringing together key leaders and industry experts to discuss opportunities for collaboration in technology, manufacturing, and sustainable practices. Since it is a close door event, the entry to the event is by invitation only.

The summit will be featuring prominent figures from both nations who will address key issues surrounding economic collaboration. Among the distinguished speakers are Amardeep Singh Bhatia, Secretary of DPIIT, Government of India, and Chern-Chyi ‘C.C.’ Chen, Deputy Minister of the Ministry of Economic Affairs in Taiwan. Other notable speakers include Baushuan Ger, Representative of the Taipei Economic and Cultural Centre in India; Manharsinh L. Yadav, Director General of the India Taipei Association; Richard Lee, Chairman of the India Affairs Committee at CNFI; Manish Sharma, Co-Chair of the India-Taiwan CEOs Roundtable; Rajat Kumar Saini, CEO & MD of NICDC; and Ms. Nivruti Rai, MD & CEO of Invest India.

The agenda will focus on enhancing industrial collaboration through discussions on trade policies, investment opportunities, and technological advancements. This year’s theme underscores the importance of sustainable practices and innovation in driving economic growth.

The relationship between India and Taiwan has evolved significantly over recent years, marked by increasing economic ties and mutual interests in technology and manufacturing. As both countries seek to strengthen their positions in global supply chains, this summit serves as a vital platform for dialogue and partnership. Taiwan has been a key player in the electronics sector, renowned for its advanced technology and manufacturing capabilities.

The collaboration aims to leverage these strengths alongside India’s burgeoning market potential and skilled workforce. Initiatives like the “Make in India” campaign align with Taiwan’s expertise in electronics manufacturing, creating a fertile ground for joint ventures.

As industries worldwide navigate challenges posed by geopolitical tensions and supply chain disruptions, the need for robust partnerships has never been more critical. The summit will explore various sectors ripe for collaboration, including electronics manufacturing, renewable energy, and information technology.

With Taiwan’s prowess in semiconductor production complementing India’s growing demand for electronic goods, there are significant opportunities for synergy. Joint ventures focused on solar energy and sustainable technologies will also be discussed, alongside collaborations in software development to enhance digital transformation efforts.

Furthermore, the summit will feature discussions on joint research initiatives aimed at fostering innovation through shared knowledge and resources. A recent call for joint research project proposals highlights the commitment from both governments to support scientific collaboration.

The “India-Taiwan Industrial Collaboration Summit 2024″stands as a beacon of hope for enhanced bilateral relations, promising to unlock new avenues for trade and investment. As leaders from both nations gather to share insights and forge partnerships, they pave the way for a future defined by innovation, sustainability, and mutual growth.

This summit is not just an event; it is a strategic move towards building a resilient economic framework that benefits both countries while contributing to global progress. With anticipation building around this significant gathering, stakeholders are eager to witness the outcomes that will shape the future of India-Taiwan collaboration.