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Taiwan Expo-2019 witnesses potential Taiwan healthcare companies looking for association in Indian market
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Our Bureau, Mumbai
May 20 , 2019
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The second edition of Taiwan Expo 2019, organised by Bureau of Foreign
Trade (MoEA) and Taiwan External Trade Development Council (TAITRA) in
New Delhi on May 16, witnessed potential healthcare companies from
Taiwan looking for association in Indian market. The Expo witnessed
Taiwan-India Medical Cooperation Forum providing Indian companies an
opportunity to learn about Taiwan’s current healthcare development, its
diverse strength in the field of medical equipment, economic, trade etc.
and the areas in which the two countries can co-operate in the future.
The
"Taiwan Healthcare Pavilion" themed as "Medical Science and Technology"
focuses on Taiwan’s high-quality services such as medical services,
materials, biotech, and Smart Healthcare equipment. TSENG JU, Deputy
Minister, Hsinchu Science Park Bureau spoke about Taiwan’s competitive
Medical & ICT industry and how the expo aims to foster more
cooperation and exchanges between Taiwan and India.
Taiwan
External Trade Development Council (TAITRA) is looking at starters,
venture partnership and strategic partnership for long term and help
foster growth between both the countries. The world-famous high-tech
industrial park, Hsinchu Science Park from Taiwan, led 8 potential
Taiwan companies to India for the Taiwan-India Medical Cooperation
Forum.
India is the base for Taiwanese companies to venture into
profitable industries and consumer markets worldwide, and it is also
the foothold for TAITRA to lead Taiwanese entrepreneurs to explore the
global market. As a multi-faceted exhibition aimed at marketing Taiwan,
Taiwan Expo is the perfect platform to introduce Taiwan to India, and
strengthen the exchange for both sides.
Speaking on the
occasion, TSENG JU, Deputy Minister, Hsinchu Science Park Bureau, said,
“Taiwan medical with its well-known high-tech precision equipment,
professional medical team and services had been well recognized by the
world. The key objective of Taiwan-India Medical Cooperation Forum is to
help promote cooperation and exchange between both the countries and to
assist manufacturers to expand in these markets. Looking at India from a
Taiwanese perspective, I see a vibrant country that is full of
possibilities. In recent years, bilateral trade between Taiwan and India
has grown immensely and we want to strengthen this relationship more,
especially in medical industry.”
In 2018, Taiwan and India’s
total bilateral trade volume reached US$ 7 billion, a 5-year high and an
11% increase from 2017. Bilateral trade investments are also on the
rise. Such growth illustrates the successful combination of Taiwan’s New
Southbound Policy and Act East Policy from India, the benefits of
synergy, and the increasingly strong interaction between the two
countries’ people and businesses.
Leading healthcare companies of
Taiwan Medicode Technology Co., Ltd, Surgery Pro & Implant Pro
Combo System, Alexandave Ind. Co., Ltd, National Cheng Kung University
Hospital, Changhua Christian Medical Foundation, Changhua Christian
Hospital, Imedtac Co., Ltd, LITE-MED INC, Markstein Sichtech Medical
Corp also attended the expo.
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