September 13, 2025 TnH Global

Taiwan Bets on India: Inside TAITRA’s Push for Deeper Trade and Tech Collaborations

As bilateral trade crosses $10 billion, TAITRA is catalyzing cross-border collaborations through focused outreach and industry-specific platforms.

As India strengthens its position in global manufacturing and supply chains, Taiwan has emerged as a key strategic economic partner. At the heart of this relationship is TAITRA—the Taiwan External Trade Development Council—which has played a pivotal role in expanding bilateral trade and investment cooperation for over three decades.

Keven Cheng, Deputy Director, Market Development Department, TAITRA

TAITRA established its first office in Mumbai in 1993, followed by Chennai in 2007, Kolkata in 2013, and New Delhi in 2018. Together, these four offices demonstrate TAITRA’s steadfast commitment to India, serving as vital bridges that connect Taiwanese enterprises with local industries, strengthen supply-chain linkages, and support cooperation in key sectors such as electronics, smart manufacturing, green energy, and medical devices.

One of TAITRA’s most impactful initiatives is the Taiwan Expo, launched in 2017. Designed to promote Taiwan’s industrial and technological strengths across South and Southeast Asia, the Expo has become a flagship event in India’s business calendar. The platform has attracted over 5,500 exhibitors and 780,000 visitors regionally, generating more than USD 2 billion in business opportunities.

The India edition of the Taiwan Expo has grown into a comprehensive, sector-oriented platform that showcases Taiwan’s strengths in Smart Manufacturing, Smart Technology, Wellness Fiesta, and Green Innovations. The 2025 edition will feature three major pavilions and four specialized areas, along with B2B matchmaking and Exhibitors Products Launch sessions designed to connect Indian enterprises and consumers directly with Taiwan’s latest solutions. In 2024, the Expo generated over USD 100 million in potential business opportunities, underscoring its rising influence in facilitating bilateral trade, industrial collaboration, and technology exchange.

This increasing engagement coincides with a sharp uptick in bilateral trade. From USD 2 billion in 2006, India–Taiwan trade surged to over USD 10.6 billion in 2024, reflecting a growing appetite for collaboration in electronics, components, and emerging technologies. Analysts project this figure could reach USD 25 billion in the coming years if both sides capitalize on ongoing investments and tech transfers.

A recent milestone came with the announcement of a joint venture between Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) and India’s Tata Group, aimed at building the country’s first AI-powered semiconductor fabrication facility in Gujarat. This signals Taiwan’s deepening integration into India’s semiconductor ecosystem—one of the government’s top national priorities.

At the same time, Indian electronics firms are increasingly seeking Taiwanese partners to diversify their supply chains away from China. This shift presents significant opportunities for Taiwan, particularly in high-tech components and machinery.

TAITRA’s strategy is closely aligned with India’s key policy frameworks like Make in India, Digital India, and the PLI (Production Linked Incentive) scheme. By building on these synergies, Taiwanese companies are better positioned to tap into India’s growing opportunities and strengthen bilateral economic.

Today, over 250 Taiwanese companies operate in India, with total investment estimated at USD 4 billion. Taiwan’s foreign direct investment (FDI) in India has shown strong growth. Between 2006 and 2017, Taiwan’s cumulative FDI stood at around USD 277 million. In the past five years, however, the figure has more than doubled, exceeding USD 665 million, reflecting Taiwan’s increasing confidence in India’s market and supply chain potential.

Looking ahead, the future of India–Taiwan trade lies in technology-driven sectors: semiconductors, renewable energy, smart mobility, and digital manufacturing. With TAITRA at the helm, fostering sectoral partnerships and facilitating strategic exchanges, India and Taiwan are poised to enter a new era of economic cooperation—built on innovation, trust, and shared growth ambitions.