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| Chie-Yien Huang in Calcutta on Friday. A Telegraph picture |
Calcutta, Oct. 5: India’s bilateral trade with Taiwan is expected to double in the next five years from $7.6 billion last year. During the same period, India is also likely to move up the ladder to attain the 10th position in the list of top trading partners of Taiwan.
At present, India ranks fourteenth. Bilateral trade could grow 10-20 per cent in 2013, though not much growth is expected this year.
Taiwan’s top trading partner now is China, followed by the US and Japan.
Taiwan is particularly upbeat about the recent policy changes adopted by India.
“The Indian government has adopted policies that are very attractive to foreign investors. India will have more job opportunities. The manufacturing industry from Taiwan will also be interested to come here,” said Chie-Yien Huang, senior manager (market development), Taipei World Trade Center.
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