Taiwan is looking for a greater technical presence in India as American demand rises, says Handelsbody Chief

Taiwan tries to double his export from chips and electronics to India in the next five to seven years, because smartphone shipments come up from the country thanks to US demand, said the head of the island’s head trade organ.

The export of the smartphone from India to the US, which are currently exempt from increased rates, rose almost 40% from a year earlier to $ 8.43 billion in the first five months of the tax year that started in April, according to estimates of the industry, largely driven by the demand for Apple’s iPhones.

“Electronic industries stimulate trade growth between our two countries,” says James CF Huang, chairman of the Taiwan External Trade Development Council, in an interview on the sidelines of the Taiwan Expo Trade Fair on Thursday. Huang is a former Foreign Minister of Taiwanese.

“I believe in the next five to seven years, the trade and investments that we have in India can double.”

According to the Taiwanese officials, Major Taiwanese companies have invested around $ 5 billion to date. Last year, PowerChip Semiconductor joined Tata Electronics in a $ 11 billion company to build the first chip factory of India that is powered by artificial intelligence. The factory, in the state of Gujarat, was part of a government regulation of $ 10 billion government.

And earlier this year, Apple supplier Foxconn unveiled an investment of $ 1.5 billion in his India unit, because it shifted more production from the China troubled by rate.

Huang trivialized ensures that higher American rates on Indian goods can harm Taiwanese companies.

“I don’t think it will influence Taiwan-India’s trade relations or investment relationships,” he said, pointing to the large domestic market of India and growing opportunities in petrochemicals, textiles and electronics.

Huang said that various Taiwanese companies are investing in India, so they won more components from Taiwan and built a local supply chain to support activities in the country.

The export from Taiwan to India was $ 10 billion in 2024, led by chips, electronic components and machines. Only five years earlier, the total was around $ 4 billion, according to data from the Indian government.

Like most countries, India does not have formal diplomatic ties with Taiwan, but they have built up a narrow commercial relationship. Government officials have said that New Delhi likes to invest more investments on the island, a large chip producer.