New Delhi: In a bid to strengthen ties with India, Taiwanese government on Wednesday announced to establish Taipei Economic and Cultural Center (TECC) in Mumbai in order to further deepen exchanges and cooperation between the two countries.
In recent years, cooperation between the India and Taiwan has witnessed significant progress in numerous domains, including economics and trade, science and technology, critical supply chains, culture, education, and traditional medicine.
Ever since its establishment in 2012, the TECC in Chennai has witnessed a significant preference from nearly 60% of Taiwanese businesses investing in and opening factories in India.
India, having attained the status of the world’s fifth-largest economy in 2022 and becoming the most populous nation this year, has emerged as a prominent investment destination for global enterprises. With its vast market and associated business prospects, India offers lucrative opportunities. Mumbai, being India’s largest city and a financial hub with a major port, has attracted consulates from various countries, including the United States, Japan, the United Kingdom, and Australia.
As per the Taiwan foreign ministry, TECC in Mumbai aims to foster expanded trade and investment opportunities between the two countries, benefiting both parties.
It will also actively promote exchanges and cooperation in fields such as science and technology, education, culture, and people-to-people connections, aligning with Taiwan’s New Southbound Policy. Additionally, the TECC in Mumbai will provide visa services, document authentication, and emergency assistance to Taiwanese nationals, businesspeople, and tourists in the states of Maharashtra, Goa, Gujarat, and Madhya Pradesh, as well as the union territory of Dadra and Nagar Haveli and Daman and Diu.