“Bilateral trade between India and Taiwan stands at USD 4.78 billion as of 2015-16 and there is tremendous potential to enhance this trade volume in the coming years given the Taiwanese government’s ‘New Southbound Policy’. This policy aims to strengthen Taiwan’s economic co-operation with south east Asian countries such as India. In a step towards improving trade and investment relationship with India, Taiwan External Trade Development Council (TAITRA), a leading non-profit trade promotion organization in Taiwan, has launched Taiwan Product Center (TPC). TPC promotes consumer and industrial products of Taiwan in India,” said Mr. Michael Lin, Director, Taipei World Trade Center (TWTC) Liaison Office in Mumbai, which is a sister concern of TAITRA, at an interactive session on Taiwan Product Centre and Machinery Alliance at World Trade Center Mumbai. The event was jointly organized by World Trade Center Mumbai.

During the event, officials from TPC introduced products of 10 different Taiwanese companies and explained their key features. Taiwanese companies such as Rekrow Industrial Inc, Rich Sphere Precision Industry Co Ltd, KMC Chain Industrial Co. Ltd., Densmart Dental Co. Ltd, MERITS Healthcare Products Co. Ltd., Kaltis International Co. Ltd, Magtech Magnetic Products Corp, Shihlin Electric & Engineering Corp showcased their products. The exhibited products range from switchgear systems used in industries, electric scooters, ultra low temperature freezer for preserving blood, bathroom accessories and kitchenware, wheelchairs used by disabled people, bicycle and motorcycle chains, magnets and so on.

Mr. Sanjay Khatwani, Project Manager, Taiwan Product Center (right) explaining key features of Taiwanese products to a visitor.[/caption]

The event was attended by officials of Taiwan Product Center, World Trade Center Mumbai, dealers of industrial goods, industrial consumers, healthcare professionals, business consultancy organizations and so on.