The 2024 India Taiwan Image Exhibition was held in the capital New Delhi on the 8th of July, showcasing the industrial advantages of 120 Taiwanese companies and exploring the Indian market. Huang Chih-fang, Chairman of the Taiwan External Trade Development Council, stated that this year’s exhibition is larger than last year, with business opportunities expected to exceed 75 million US dollars.
The India Taiwan Image Exhibition lasted for 3 days at the Pragati Maidan International Exhibition Center. During the opening ceremony, Indian dignitaries gathered, including Lalduhawma, Chief Minister of Mizoram, Sujeet Kumar, Member of the Upper House of Parliament, representatives from the Federation of Indian Chambers of Commerce and Industry (FICCI), the Electronic Industries Association of India (ELCINA), and several ministerial-level officials from the Indian government, creating a lively atmosphere.
Taiwan’s representative to India, Greta Chou, and several Taiwanese business leaders also attended the event. The exhibition kicked off with performances by Taiwanese and Indian dance troupes, showcasing a blend of cultural creativity and symbolizing the soaring friendship.
Huang Chih-fang stated in his speech that since 2018, India has been rising in the global manufacturing industry, while Taiwan holds a crucial position in the international semiconductor industry chain. By joining forces, Taiwan and India can lead the global technology manufacturing industry.
Chiang Wen-ruo, Director General of the Bureau of Foreign Trade of the Republic of China (Taiwan), mentioned that this exhibition established the “Smart Manufacturing Image Hall” and the “Sustainable Innovative Textiles Zone,” bringing together upstream, midstream, and downstream supply chain companies to showcase Taiwan’s smart and efficient solutions in petrochemicals, footwear, and textile processes, seizing the vast business opportunities in India.
Lalduhawma and Kumar expressed that under India’s “Act East Policy” and Taiwan’s “New Southbound Policy,” the potential for cooperation is limitless. They also hoped that the memorandum of understanding on migrant worker cooperation signed between Taiwan and India in February of this year could further tighten the relationship between the two sides.
The New Taipei City Government, led by Deputy Mayor Chu Ti-chih, set up the “New Taipei City Enterprise Hall” with 20 renowned enterprises, gathering strengths in smart cities, electronics and machinery manufacturing, smart healthcare, esports, and aiming at India’s industrial demands and green transformation opportunities.
The Taiwan Tourism Bureau set up an image gallery to promote Taiwan tourism through its office in Singapore. The Taipei Computer Association established an Innovation Hall, showcasing high-tech smart solutions, AIoT, and related products from its member companies.
The Taiwan External Trade Development Council also organized the “Taiwan-Japan Expanding the Indian Market Business Opportunities Seminar and Business Matching.” It invited the Japan External Trade Organization (JETRO) New Delhi Office and several major Japanese trading companies to explore cooperation opportunities in India with Taiwanese companies.
This year’s India Taiwan Image Exhibition covered an area of 5,100 square meters, approximately 1.6 times larger than last year’s exhibition in Mumbai, with the number of participating companies nearly returning to pre-pandemic levels.
In a joint interview after the event, Huang Chih-fang pointed out that according to companies, last year’s Taiwan Image Exhibition in Mumbai generated approximately 75 million US dollars in business opportunities. With more participating companies and exhibition booths this year, it is anticipated that the business prospects will exceed last year’s.
He further stated that now is a good time for Taiwanese businesses to enter the Indian market. The Indian market has unique business characteristics, and Taiwanese companies planning to venture into India need long-term preparations. Once successful, the market dividends will be inexhaustible.