Chennai, India, July 21, 2016: Taipei World Trade Center (TWTC), a Taiwanese government body to promote bilateral trade among countries, today announced that three Taiwanese Machine Tool companies are investing in India, Tongtai Machine Tool Company, Fair Friend Group and Chain Headway Machine Tool Company.
Post the Taiwanese Machine Tool Trade Showheld in Chennai, this has generated on-site business and attracted industrial players from Taiwan. Following the huge success, Tongtai Machine Tool Company; the biggest manufacturer of special machines will be setting up a Technical Research Center in North India and open the India office in Hydrabad.The Fair Friend Group, the world leading industrial holding conglomerate with over 80 companies to invest and tie-up with India based local company to expand its operation in the Indian market. Chain Headway Machine Tool Company, the leading tools and accessories suppliers will collaborate with local dealers to develop high speed toolbars and cutters in the country.
Speaking on the occasion, Mr. Charles C. Li, Director General, Taipei Economic and Cultural Center said, “The AIEMA, Taiwanese expo generated keen business interest and attracted the best Machine Tool companies from Taiwan to invest in India.Through TWTC we are enabling the best of India and Taiwan to correspond and engage through strategic alliances that will benefit both the nationsWe are extremely keen on supporting the Indian government’s programme on ‘Make in India’.”
In the year 2015, the top tendestinations for Taiwan’s machine tool exports were China (including Hong Kong), United States, Turkey, Thailand, Germany, Vietnam, the Netherland, India, Japan and Russia.
About TWTC:
Taipei World Trade Center (TWTC), and its sister organization, Taiwan External Trade Development Council (TAITRA), are the foremost non-profit organizations for trade promotion in Taiwan. Sponsored by the government and industry and commercial organizations, TWTC assists Taiwan businesses and manufacturers with reinforcing their international competitiveness and coping with the challenges in foreign markets. Throughout past decades, TWTC has developed well-coordinated trade promotion and information networks, as well as undertakes many initiatives to assist foreign business with establishing ties with Taiwan. TWTC opened its third office in Kolkata recently, in addition to its offices in Chennai and Mumbai.