Leading Taiwanese firms looking at relocating production bases to India: Policymakers
technology firms are looking at relocating their manufacturing bases to India to bring down their exposure to the Chinese market, top policymakers in the Taiwan government have said, amid the self-governed island's increasingly tense relations with China. Deputy Minister for Taiwan's National Development Kao Shien-Quey said there is huge scope for collaboration between New Delhi and Taipei in areas of emerging and critical technologies including manufacturing of semiconductors and electronics equipment.
In an interaction with a group of international journalists, she said major Taiwanese technology giants are looking at India as a key destination to strengthen their global supply chains. Kristy Tsun-tzu Hsu, the director at premier policy think-tank Taiwan ASEAN Studies Center at Chung-Hua Institution of Economic Research, described India as an important country for Taiwan and said Taiwanese companies operating in China are looking at «decoupling» the global supply chain from that country while maintaining it for the domestic consumers.
Leading Taiwanese companies are increasingly looking at relocating their production bases from China to countries in Europe, North America, the US and India in view of Washington's trade dispute with Beijing and the Chinese military's increasing muscle-flexing around Taiwan. The relationship between China and Taiwan has become increasingly strained after US House Speaker Nancy Palosi's visit to the island in August last year.
India is keen on having production facilities of leading Taiwanese chip producers including Taiwan Semiconductor Manufacturing Corporation (TSMC), the world's largest chipmaker whose clients included Apple. «With the larger context of global supply chain
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