Taiwanese firms to set up ICT cluster in Bengaluru

Taiwanese information and communications technology (ICT) and electronics companies are looking to set up a cluster in Bengaluru to best access the fast-growing local market, as per Taiwan's Ambassador to India Chung-Kwang Tien

June 28, 2019

High-quality and high-margin capabilities as well as rising global trade uncertainties have pitted India as a favourable R&D and manufacturing destination

The nation has emerged as the manufacturer for the world, especially the developing countries, beyond catering to the burgeoning local electronics market

Currently, there are more than 100 Taiwanese firms operating in India; the Bengaluru cluster - to be operational by 2020-21 - will house over 120 companies

The project will better streamline the activities of Taiwanese companies in India, contributing to bilateral trade that was recorded at US$7.2 billion in 2018-19

Taiwanese ICT and electronics companies are looking to set up a cluster in Bengaluru to best access the fast-growing local market, as per a news report by the Press Trust of India on June 28, citing Taiwan’s Ambassador to India Chung-Kwang Tien. High-quality and high-margin capabilities as well as rising global trade uncertainties have pitted India as a favourable R&D and manufacturing destination. The nation has emerged as the manufacturer for the world, especially the developing countries, beyond catering to the burgeoning local market. Mr Tien made the announcement while unveiling a mobile showroom “TE Rig” that will across India showcasing technology products from Taiwanese firms. 

Currently, there are more than 100 Taiwanese firms operating in India. The upcoming Bengaluru cluster, which is expected to be operational by 2020-21, will house over around 120 companies. The project will better streamline the activities of Taiwanese companies in India, contributing to bilateral trade that was recorded at around US$7.2 billion in 2018-19. Efforts are being made to increase this to US$20 billion in the next few years. The investment interests come amid a steady demand growth in India owing to rising affordability and consumer awareness. While the Indian electronics market is expected to touch US$400 billion by 2020, the IT and ITeS industry will grow to US$350 billion by 2025.

Meanwhile, India has been bolstering capabilities in e-Governance, human resource development for IT education, information security, electronics hardware manufacturing, IT embedded software industry, telemedicine, among others, worldwide. This has attracted the world’s biggest technology firms to set up bases in India. India’s Ministry of Electronics and Information Technology (MeitY) has also been driving international cooperation in ICT under bilateral and regional framework of cooperation. The effort has received additional mileage from government initiatives such as “Digital India”, “Skill India”, “Startup India” and “Make in India” that have empowered investment and innovation.

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