On August 29, 2026, the Vice Minister of Economic Affairs of the Republic of China (Taiwan), Jiang Wenruo, co-chaired the 19th Taiwan-India Vice Ministerial Economic and Trade Dialogue Conference with Indian Minister of Commerce and Industry Amardeep Singh Bhatia in Bangalore, India. The two sides engaged in in-depth discussions on global economic and trade situation, supply chain resilience, investment layout, talent cultivation, and other important issues.
The Ministry of Economic Affairs of the Republic of China issued a press release stating that during the conference, both parties signed two cooperation memorandums (MoUs) on “Taiwan-India Financial Cooperation” and “Fintech Cooperation,” and witnessed the extension of the validity period of the “Intellectual Property Cooperation Memorandum.” They also agreed to implement the consensus reached at the conference through various working groups to further deepen Taiwan-India economic, trade, and industrial cooperation.
Jiang Wenruo mentioned during the conference that amid the reorganization of global supply chains and geopolitical changes, India is actively promoting policies such as “Make in India” and “Digital India,” attracting global companies to invest. Taiwan has complete industrial clusters in semiconductor, information communication technology, and manufacturing industries, with both sides having complementary advantages, which can further deepen industrial supply chain cooperation.
Jiang Wenruo pointed out that in recent years, Taiwanese businesses have integrated into the Indian industrial ecosystem through transformation, strategic alliances, and expanded into areas beyond existing trade and service sectors, gradually extending into manufacturing fields such as electric vehicles, data centers, and industrial automation, reflecting the deepening cooperation between Taiwan and India in the industrial sector.
Minister Bhatia stated that based on existing bilateral dialogue mechanisms and multiple cooperation memorandums, Taiwan-India economic and trade relations continue to deepen. The Indian government has been actively promoting policy reforms and infrastructure development in recent years, continuously improving the foreign investment environment. It hopes to leverage the complementary advantages of Taiwan and India’s industries to establish cooperation in industrial chains. He also acknowledged the imminent resumption of direct flights between Taiwan and India and hoped to increase trade and investment opportunities between the two sides.
In addition to the Vice Ministerial Economic and Trade Dialogue Conference, Jiang Wenruo and Minister Bhatia also jointly attended the 5th Taiwan-India CEO Roundtable Forum hosted by the Indian Chamber of Commerce and Industry. Taiwanese entrepreneurs raised suggestions on investment environment and related practical issues, to which the Indian side responded positively. For issues that cannot be immediately resolved, they promised to continue coordinating relevant units. Indian entrepreneurs also expressed their willingness to cooperate with Taiwanese enterprises, and Taiwan is committed to facilitating matchmaking to promote exchanges between the two sides.
Furthermore, Jiang Wenruo and Minister Bhatia attended the 2026 Taiwan-India Industry Linkage Summit organized by the Indian Chamber of Commerce and the Confederation of Indian Industry. The event attracted over 200 representatives from Taiwanese and Indian companies, focusing on opportunities for cooperation in industries such as smart electronics, green smart technology, and intelligent vehicle components. The two sides also signed six cooperation memorandums, demonstrating tangible results of Taiwan-India industrial cooperation.
During his visit to India, Jiang Wenruo also visited the first industrial park developed by Taiwanese businesses in India, the “World Precision Industrial Park.” The park has gradually completed infrastructure such as roads, water, and electricity and set up service centers to provide one-stop services for resident companies, serving as a concrete example of Taiwanese investment in India.
The Ministry of Economic Affairs stated that Taiwan-India economic and trade relations are continuing to grow, with bilateral trade reaching $12.5 billion last year, marking a historic high with an 18% annual increase. From January to July this year, trade has already reached $11 billion, a 56% growth compared to the same period last year, with integrated circuits (IC) accounting for 51% of Taiwan’s exports to India. In terms of investment, as of June this year, Taiwanese companies have accumulated a total investment of $1.737 billion in India, with approximately 350 Taiwanese businesses operating in India, creating 214,000 job opportunities.