Taiwan chamber of commerce opens in India

New organization will provide potential Taiwan investors with information on India.

TAIPEI (Taiwan News) — The Taiwan Chamber of Commerce in India was established on Monday (April 22) as a platform for Taiwanese entrepreneurs to invest in India.

Taiwan Chamber of Commerce in Delhi President Ho Chun-hsin (何俊炘) has been chosen to head the new business organization, CNA reported. In a speech, Ho said the chamber would provide information about daily life and investment for Taiwanese entrepreneurs in India or those interested in entering the Indian market. Together, the chamber and investors will expand business networks and leverage the collective strength of Taiwanese entrepreneurs to showcase Taiwan’s soft power, he said.

Ho added that it was never too late to invest in India.

Taiwan Representative to India Baushuan Ger (葛葆萱) said there are currently 250 Taiwanese companies investing in India. Taiwanese investment in India totals approximately US$4.6 billion (NT$150.2 billion), Ger said.

He hoped the new chamber of commerce could become a platform for information exchange, allowing more Taiwanese businesses to find development prospects in India.

There are four Taiwanese chambers of commerce in India, located in Delhi, Mumbai, Bangalore, and Chennai.

The new organization comes as the Taiwan-India labor cooperation agreement is under review in the Legislative Yuan. The deal is set to bring in Indian migrant laborers to help ease the impact of Taiwan’s aging population and declining birth rate on the country’s workforce.

The exact number of Indian workers has yet to be agreed upon.