Tamil Nadu - Chennai   

Taiwan exploring fresh investment opportunities

Special Correspondent

CHENNAI: Tamil Nadu figures prominently on locations Taiwan is exploring to make fresh investments on manufacturing facilities, an exercise driven by the Fareast Asian nation's keenness to minimise risks arising out of its concentration on China. Driving the interest of Taiwan in Tamil Nadu, evident from the number of its trade and business delegations that visited the state in the last few months, are other factors conducive to doing business, say people engaged in promoting Indo-Taiwanese economic ties.

Though Taiwanese investment in India has increased in the recent times and stand at $20 million, the potential is huge, particularly in the backdrop of its investment in China totalling $100 billion; $16 billion in Vietnam; and $10 billion in Thailand.

"India now is the hottest [destination] in Taiwan," declared Herben Wu, manager of the Taipei World Trade Centre liaison office in India. Taiwan expects India to emerge as an alternative destination.

It is in this backdrop that a Taiwanese investment mission is on a visit to Tamil Nadu. The Director General of the Department of Investment Services of its Ministry of Economic Affairs Berton B.C. Chiu and Taiwanese legislator Chuang Suo-Hang, who are part of the delegation, will be addressing a meeting here on Thursday. It is being organised by the Southern India Chamber of Commerce and Industry and Taiwan External Trade Development Council.

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