Feeling that the business environment in India has improved after the Modi government came to power, a Taiwanese business delegation is here to explore possibility of cooperation in the auto sector with an aim of tapping the big market.
The auto parts makers have plans to set up manufacturing base for IT, electronic and precision parts for the auto sector and make the country an export hub to serve markets in Southeast Asia, West Asia and Africa.
"Demand of auto (in India) would increase and for Taiwan companies its a booming market. They have the capability and want a right partner to enter into this market," said Taiwan's deputy director general of the department of Investment Services, ministry of Economic Affairs, Bennet Wen-Bin Chen.
Chen was heading a delegation of investors from Taiwan in the auto parts and automobile electronics manufacturing sector to India.
