CII organises conference to explore cross-border opportunities with Taiwan

Explore cross-border opportunities with Taiwan in automotive and electronic industries, discussed by CII and Taiwan representatives in Madurai.

The Confederation of Indian Industry (CII), Madurai Zone, organised an interactive session titled ‘Exploring cross-border opportunities: collaborative opportunities with Taiwan,’ here on Saturday.

Speakers from Taiwan and industrialists from Tamil Nadu convened to discuss the flourishing opportunities in various sectors, particularly in automotive and electronic industries, along with investment prospects.

Richard Chen, Director-General, Taiwan Economic and Cultural Centre, Chennai, said about 50% of Taiwan companies were located in southern India, with Tamil Nadu having more of them than any other southern State.

“While Taiwan tops in manufacture of semiconductors, over 60% of the chips used in mobile phones are manufactured by Taiwan companies. And part of them are being manufactured in Tamil Nadu,” he added.

He provided a comprehensive overview of opportunities in automotive and electronic industries, highlighting investment plans and potential collaborations.

Ashwin Desai, vice-chairman, CII Madurai zone, said there was interesting data that Taiwan, which was geographically smaller than Tamil Nadu, procured 72,607 patents in 2023, which was higher the whole of India combined.

“More such creative process taking place in Taiwan should resonate here too,” he added. “Tamil Nadu one trillion economy goal would be a good opportunity for more Taiwan companies to come up in the State,” he said.