TAITRA recently opened the first-ever Taiwan Expo in New Delhi to help Taiwanese firms expand their footprints in the Indian market.
Held on May 17-19, the three-day event was TAITRA's first business-to-business exhibition in India. It featured eight industry-themed pavilions showcasing Taiwanese niche products.
Among the pavilion exhibits were electric vehicles (EV) and smart city solutions that echoed the Indian government’s push to boost the country’s economic and digital development, TAITRA Chairman James Huang said in a pre-show media conference held at the India Trade Promotion Organization’s Pragati Maidan exhibition venue.
“India will sell only EVs by 2030 and that indicates a huge potential market [for Taiwanese companies],” Huang said, adding that Taiwan’s position in the supply chain of US-based Tesla Inc gives it an advantage over global rivals.
Taiwanese companies have successfully entered India’s emerging EV supply chains, Huang said, citing the example of Kaohsiung-based electric scooter maker Ahamani EV Technology Co Ltd.
Ahamani signed a memorandum of understanding on May 18 with Hero Electric to jointly promote electric models in the country via the Indian company’s nationwide distribution channels.