Taiwan intends to establish the ‘Taipei Economic and Cultural Centre’ (TECC) in Mumbai to expand mutually beneficial trade and investment opportunities between Taipei and New Delhi. The Ministry of Foreign Affairs, Taiwan, stated in a press release that there has been significant progress in cooperation between Taiwan and India in various domains, such as economics, trade, and science and technology. In light of this progress, the Taiwan government aims to establish the TECC in Mumbai to deepen exchanges and cooperation between the two countries.
In 2012, the TECC was initially established in Chennai. Since then, nearly 60% of Taiwanese businesses investing and opening factories in India have chosen to develop their operations in southern India. This demonstrates the attractiveness and suitability of the region for Taiwanese companies. By expanding the TECC’s presence to Mumbai, Taiwan aims to further strengthen its engagement with India and explore new avenues for collaboration and growth.
The establishment of the TECC in Mumbai signifies Taiwan’s commitment to enhancing economic ties and fostering cultural exchanges with India. It represents a significant step towards creating a conducive environment for bilateral trade, investment, and technological cooperation. The TECC in Mumbai is expected to serve as a platform for facilitating dialogue, promoting cultural understanding, and fostering stronger economic partnerships between Taiwan and India.
Through the establishment of the TECC in Mumbai, Taiwan hopes to create a vibrant and dynamic exchange of ideas, knowledge, and expertise between the two nations. It is anticipated that this move will contribute to the growth and diversification of trade and investment between Taipei and New Delhi, leading to mutual prosperity and strengthened bilateral relations.
