Taiwanese firms to set up IT, electronics cluster in Bengaluru

Taiwanese firms are in the process of setting up an IT and electronics cluster in Bengaluru which will deepen their engagement in the domestic market, Taiwan's Ambassador to India Chung-Kwang Tien said Thursday.

He also said with the ongoing US-China trade conflict, Taiwanese companies are looking to expand beyond the Chinese market and India can be a major beneficiary.

"With recent trade war between US and China, there are people with second thoughts to put their business and investment to some other country. India definitely comes to the picture. That is very important and very timely," Chung-Kwang Tien told PTI.

He was speaking after unveiling a mobile showroom 'TE Rig' that will go to different parts of India with technology products from Taiwanese firms and give consumers hands-on experience.

Asked about Taiwan's stand on Huawei, which is facing US sanctions, he said, "Huawei, we put a lot of caution. Our government has already realised that."