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FICCI REPORT: POTENTIAL USD 15B TAIWANESE INVESTMENT IN INDIA'S ELECTRONICS AND EV SECTORS
The Business Guardian
|October 09, 2024
A FICCI report projects a USD 15 billion Taiwanese investment opportunity in India's electronics and EV sectors, emphasizing the potential for bilateral growth and collaboration.
The Federation of Indian Chambers of Commerce and Industry (FICCI) has highlighted five key manufacturing sectors in India with substantial investment potential for Taiwan.
The report, titled 'Unlocking the Potential: The Benefits of India as a Partner for Taiwanese Enterprises', identifies a USD 15 billion investment opportunity for Taiwanese companies in India's expanding electronics and electric vehicle (EV) markets. The sectors identified include Printed Circuit Boards (PCBs), electronic components such as semiconductors and passive devices, electric motors, CCTV systems, and smart healthcare products, including fitness trackers and heart rate monitors.
The current value of the Indian market in these sectors stands at USD 60 billion. With Taiwan's industry targeting both domestic and export markets, this partnership is viewed as a pathway to significant growth.
This story is from the October 09, 2024 edition of The Business Guardian.
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