Taiwanese firms are considering India as a potential destination for relocating their production bases, due to factors such as India's skilled labour force, competitive manufacturing ecosystem, and favourable business environment. India's "Make in India" initiative has attracted investments in infrastructure and regulatory reforms, providing Taiwanese companies with a robust supply chain. Despite the potential benefits, challenges exist, such as India's complex regulatory landscape and infrastructure deficiencies. Closer collaboration between the Taiwanese and Indian governments and industry associations is needed to address these challenges and foster successful business operations.
Source: Link