The move to further strengthen the ties between the two nations is the Taiwan’s new south-bound policy which encourages more of its companies to invest in this region, Director-General of Taipei Economic and Cultural Central Ben Wang said here. “It makes sense to further develop and strengthen the mutually beneficial relationship between Taiwan and India in the post-pandemic era. We are looking to double Taiwan’s investment in TN and create one million jobs,” he said.

Wang said the theme of Taiwan’s National Day celebration was ‘Recover and Prosper Together.’ By August-end, Taiwan had donated 54.4 million medical masks and other critical supplies to over eight countries, including India with one million masks, he said in a release. Taiwan has over 20 firms which have invested an estimated $1.7 billion in TN, he said.

N Muruganandham, Principal secretary of TN Industries Department, said Taiwan companies have shown keen interest for plug and play facilities, IT, blockchain and cyber security. Taiwan would like to engage with like-minded partners to develop new supply chains based on shared values reinforcing its new policy, Wang said. The economic cooperation between the two countries is to be continued and cherished, he added.

The Taipei Economic and Cultural Centre in Chennai represents the interests of Taiwan in the southern states of India.