A 6 team delegation comes to India, scouting for business.
Elated by the signing of a landmark trade treaty with China a year ago, Taiwan is sending an 80-member delegation to India on a six-day visit to explore for new business opportunities.
The delegation comprising of Delta Electronics, Winbond Electronics, TECO Electric and Machinery and Polaris Financial Group will be headed by Christina Liu, minister of the council for economic planning and development.
"Trade and investment will take the centre stage of the bilateral relationship in the foreseeable future. The historic visit holds the promise of taking the bilateral relationship to a new level," Wenchyi Ong, representative of Taipei Economic and Cultural Centre in New Delhi, said.
Taiwanese companies will also be looking for tie-ups with Indian firms to leverage their strengths and work together in what they call the 'Greater Chinese market.'
Top Taiwanese companies like HTC, Acer, BenQ and CEC are already thriving in India.
Only 23 countries recognize Taiwan, a self-ruled democracy that split from mainland China in 1949, and lost its UN seat to Beijing in 1971.
Taiwan has identified emerging markets like India and Indonesia for promoting trade and industry.