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Taiwan delegation to visit India in Oct-end; to seek inv opp

Written by: Staff
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New Delhi, Oct 23 (UNI) To give a concrete shape to its plan to invest two billion dollars in the Indian ICT sector, a high-level business delegation from Taiwan will visit India in the last visit of October this year.

''The Taiwan Investment Market Survey Delegation 2006 will visit Delhi and Mumbai in the last week of Oct 2006. The delegation will call upon Central Government officials, Maharashtra State Government departments, trade associations and concerned private companies.

''They will visit warehouses, SEZs and try to learn the prevailing tax and environmental issues and regulations concerning FDI in India,'' said a spokesperson of Taipei World Trade Centre in India.

Earlier in the month, ICT (Information, Communication and Technology) companies from Taiwan had announced plans to invest two billion dollars in their indian operations in three years time.

''Taiwanese companies are interested to triple their investments in the Indian ICT sector, provided tax incentives are made available to them alongwith the creation of proper infrastructure by India'', Mr Andrew J Kao, Representative, Taipei Economic and Cultural Centre in New Delhi, had told reporters here at IT/Communication Brand Event.

Taiwan's IT manufacturers produce 75 per cent of the world's computer peripherals, branding itself as the ''IT manufacturing center''. Some of these giants - Acer, Asus, BenQ and D-Link have already a strong presence in India.

UNI PKS CS BD1708

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