Taipei and New Delhi poised to shape trade

Taipei  Times - In an era defined by technological innovation, shifting geopolitics and the need for resilient supply chains, the world is reimagining its industrial future. Democratic nations are seeking trusted, dependable partners to drive the next wave of innovation and growth. India presents an opportunity.

India’s transformation over the past decade is striking. Projections indicate that India’s electronics production would reach US$300 billion by next year. It is also the second-largest mobile phone producer globally. From just two mobile manufacturing units in 2014, the country now hosts more than 300 manufacturing facilities.

That growth trajectory is driven by an ambitious yet achievable vision: to position India as a trusted, diversified and future-ready supply chain partner for the world. The target is clear: US$500 billion in electronics production by fiscal year 2030. At the vision’s core is the creation of globally integrated manufacturing ecosystems supported by scale, skilled talent and stable policy.

The Indian government has launched a policy framework aimed at attracting global investment. A key initiative is the Electronics Components Manufacturing Scheme, which aims to encourage large-scale investments in subassemblies, bare components, capital equipment and supporting infrastructure.

Complementing the scheme are initiatives such as the Production Linked Incentive program for large-scale electronics and information technology hardware, and the India Semiconductor Mission, which offers up to 50 percent capital support for fabrication and compound chip projects. The programs provide long-term clarity, which is essential in a rapidly evolving global environment.

Taiwan stands out as a natural partner. Its global leadership in electronics, semiconductors and precision manufacturing aligns with India’s growing manufacturing strength and market scale.

For Taiwanese firms looking to diversify supply chains beyond traditional geographies, India offers an ideal destination. Our democratic governance, transparent regulatory systems and deep talent pool create a stable and scalable foundation for long-term industrial collaboration.

The partnership is not about substitution, but cocreation, building an export-oriented, innovation-driven ecosystem that benefits both sides and bolsters global supply chain resilience.

Taiwan and India have nurtured a robust relationship since the establishment of the India Taipei Association in Taipei and the Taipei Economic and Cultural Center in New Delhi in 1995. Milestones such as the Bilateral Investment Agreement signed and the alignment of the government’s New Southbound Policy with India’s Act East Policy have further deepened trade and investment cooperation.

Taiwanese firms are already making significant contributions to India’s electronics ecosystem. Foxconn’s operations have cemented India’s position as a mobile manufacturing powerhouse. Brands such as ASUS and Acer are leaders in the PC and consumer electronics segments, while companies such as MediaTek, Advantech and Delta Electronics are advancing India’s semiconductors, smart systems and power solutions capabilities.

India’s value proposition to global investors is clear: a low-risk, high-reward environment backed by consistent policies, a large and skilled workforce, and support from central and state governments. States are offering tax breaks, capital subsidies and fast-track approvals, creating a multitiered support system that few countries can match.

As we look to the future, the India-Taiwan partnership is poised to redefine global electronics manufacturing. Grounded in trust and driven by innovation, this collaboration can serve as a beacon for resilient, democratic and sustainable global growth.