Attractive Economic Opportunities
China is now the world’s second-largest economy and has earned the name “factory of the world”. China is India’s second-largest trading partner despite the bilateral geopolitical challenges. Brands such as Xiaomi, Oppo, Vivo, Oneplus, Motorola, Lenovo, Honor, Gionee, Haier, Miniso, Volvo (owned by Geely) and MG (owned by SAIC) have become household names in India.
Chinese investors have funded ubiquitous app-based Indian start-ups such as Ola, Paytm, BigBasket, Snapdeal, Zomato, Swiggy, BYJU’s, Ibibo, Make my Trip, Gaana, Hike, MX Player, Practo etc.
As per the report by FICCI, Chinese companies, including BYD, BAIC, Shougang International, Sino Hydro Corporation, Huawei Technologies, ZTE, TCL, Shanghai Electric, Shenyang Electric, TBEA Energy India Pvt. Ltd. etc., have hugely invested in Indian industry sectors like Automobile, Services, Power, Metallurgy, Construction etc.
Over the past decade, several Taiwanese companies under the banner of Taiwan External Trade Development Council (TAITRA) have collaborated with industry bodies like FICCI, PHD Chamber etc to set up their base in India and invest in diverse sectors. Acer, ASUS, D-Link, Transcend, Foxconn, Wistron, Pegatron Corp., Quanta Computer Inc., MediaTek, Transcend, Gigabyte, MSI, Advantech, Edimax, and Maxxis are some of the notable Taiwanese companies doing business in India.