Taoyuan City Vice Mayor Wang Mingde led a Taoyuan City Indian investment delegation to visit Chennai and New Delhi. Vice Mayor Wang said that the Indian market has great potential, and industries such as automobile parts and components are interested in investing. India's economy is growing rapidly. Prime Minister Narendra Modi has encouraged "Make in India." Taoyuan City's manufacturing industry ranks first in Taiwan, with an annual industrial output value of nearly NT$3 trillion. This time, the Taoyuan City Government has brought business groups to India to explore the road, hoping to bring back relevant information and cooperate with the New Southbound Policy to plan and encourage Taoyuan manufacturers to invest in India.

Deputy Mayor Wang pointed out that Taoyuan’s auto parts manufacturing industry is very strong. The Indian auto market is huge and the demand for parts is also huge. Auto parts manufacturers have targeted Chennai and Bangalore, which have relatively suitable conditions, and hope to invest in India through upstream and downstream integration. The Taoyuan City Government also provides a platform to help the manufacturing industry expand into the Indian market. Xu Caishun, chairman of the Taoyuan City Chamber of Commerce, believes that India has a promising future and will bring back information related to the inspection, share the research with members, and plan possible future deployment plans in India.

Yang Lianzhi, chairman and general manager of Nova Materials Technology who participated in the inspection delegation, said that Nova will cooperate with the Indian Tata Group to prepare to set up a branch and manufacturing site in India within three months to supply AdBlue® for trucks and other vehicles. It is currently still considering a suitable location for setting up the company.



A total of 31 people from Taoyuan City Chamber of Commerce, Taoyuan City Industrial Association and other groups and officials formed the Taoyuan City 2018 India Investment Delegation. On the 10th, they went to Chennai to inspect Sri City in Andhra Province (Andhra Pradesh) where Hon Hai Group has an industrial park, as a reference for Taoyuan companies to invest in India. After finishing their trip to Chennai, the delegation came to New Delhi on the 13th to visit the representative office in India. Representative Tanaka Mitsuwa and economic team leader Yang Hong introduced the general situation of India and industry, taxation and other policies to business representatives and officials. The representative in India pointed out that India has a huge market, rich resources, and an important location. It is connected to the Middle East, Europe and other markets. It is also the world's largest democratic country with a stable political situation. Modi actively encourages companies to come to India to manufacture. Taiwan is good at manufacturing. Industries should invest in India in the form of a national team to form an industrial chain. This will not only meet India's needs, but also find better development opportunities for itself.

India is a country with vast territory and abundant resources, with a population of 1.25 billion and an average age of 26.6. The future workforce is growing year by year, and its economic development potential exceeds expectations. The delegation will also visit Taiwanese businessmen in New Delhi to learn about investment experience, visit local government investment authorities, visit special economic zones, industrial zones and factories, and hold exchange symposiums with Taiwanese businessmen and other activities. It shows that India's economic reform direction has received widespread support and affirmation, and has once again become a highlight of global corporate investment layout.