Indian companies are hedging the trade dynamism with China, with a China plus one strategy. It has translated to India working on bilateral ties with other partner nations, in a win-win strategy. Its ties with Taiwan, for instance, are known to have gained traction over the past decade with several agreements including investments, industrial cooperation, SME cooperation and customs cooperation signed. In 2018, a bilateral trade agreement was signed between both countries, in a move looked at as a means to encourage a two-way investment flow. A great impetus has since been laid on protecting Taiwanese investments in India, in line with the international standards. Taking a leaf out of the cooperation between the two countries, the Auto Component Manufacturers Association (ACMA) played its part in exploring potential areas of cooperation. Scouting for organic collaborations in the domain of automotive electronics, telematics, EV components and infotainment, a first of its kind virtual expo marked a step in the right direction. On one hand, 25 Indian companies showcased their capabilities and on the other hand, 15 Taiwanese companies are said to have showcased their capabilities with another 60 visiting the matchmaking event. Sunjay Kapur, Vice President, ACMA and Chairman, Sona Comstar expressed hope in the two countries contributing to technological collaborations.
A red carpet welcome
هذه القصة مأخوذة من طبعة February 2021 من Auto Components India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 2021 من Auto Components India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
BUSWORLD SOUTHEAST ASIA: A PREVIEW
The third edition of Busworld Southeast Asia 2024 assures a blend of comfort, innovation, and sustainability this year,
INDIA RUBBER EXPO 2024: THE RUBBER INDUSTRY LANDSCAPE
In the fast paced metropolis of Mumbai, the towering skyscrapers and bustling streets made for a perfect backdrop to the India Rubber Expo 2024 (IRE 2024). Hosted by the All India Rubber Industries Association (AIRIA), this biennial spectacle aimed to reshape the rubber industry's landscape, both at home and abroad write Aditya Sharma and Upendra Kasbekar.
NO SILVER BULLET
In an upfront conversation, Akshay Kashyap, CEO and Managing Director of Greenfuel Energy Solutions Pvt. Ltd. shares his thoughts on the future transport fuel with Deepti Thore.
GREEN GAS SYSTEMS AND STORAGE
Greenfuel Energy tops the list for reliable clean gas systems and energy storage solutions. Deepti Thore highlights its market acceptance.
INDIA EVS COST LESS OVER LIFETIME BUT FACE UPTAKE HURDLES
The lifetime costs of electric vehicles in India are less than those of Internal Combustion Engine (ICE) models across most vehicle segments. This facilitates adoption, especially for low-speed two- and three-wheelers as per the findings of BloombergNEF’s latest report, writes Ashish Bhatia.
WIDE-BODY DUMP SERIES
Allison Transmission has developed the Wide-Body Dump series for Heavy-Duty off-road applications. Ashish Bhatia looks at the advanced attributes that will come into play.
AUTOMATED COMMAND STEERING FUNCTIONS
The Government of India wants a permanent agency to expedite the publication of standards and development of test facilities in parallel,
CHARGEQ EV ECOSYSTEM
ChargeQ is building the EV ecosystem with unique offerings for emergency charging and an emphasis on grid balancing,
NIPPON MASTERCRAFT FOR THE LUXURY SEGMENT
Nippon Paint India, the leading paint and coating company in the Asia Pacific has launched an aftermarket one-stop shop brand Mastercraft.
ATMA SPOTLIGHTS TYRE INDUSTRY TRENDS
At the ATMA Annual Conclave, stakeholders of the tyre industry deliberated on greater sustainability and the adoption of emerging technologies to enhance productivity, writes Richa Tyagi.