Taiwan sees India as a big human resource hub for its companies and aims to build strong business relations to tap this advantage, Taiwan's vice-minister for economic affairs Shih-Chao Cho said on Thursday. The island nation is mulling the idea of free admission for Indian students who speak Chinese.
The minister was in Bangalore to inaugurate the EMMA Expo, a four-day exposition of Taiwanese consumer and technology products organised by Taipei World Trade Centre in partnership with Taiwan's industry associations.
Speaking to Hindustan Times, the minister said IT industries of India and Taiwan should work closely to build on complementary advantages. Taiwan is one of the world's leading hubs for electronic manufacture and is home to brands like Acer.
Cho said there were a few glitches in the investment climate in India that need to be sorted out so that cooperation could be strengthened.
"Infrastructure (in India) needs to improve and we also face the problem of power supply in India. The ground operation in India is tough because of the very complicated taxation system here and even the local unions demands are the difficulties we face," he said. "But these things can be sorted out easily and there are big opportunities for Taiwan to improve bilateral relations as India is a fastest developing country and has achieved many more things at the international level."
The minister also said, "The quality of higher education in Taiwan is very good and comparatively low cost when compared to European education. Indian students are very good at learning the Chinese language. So, we would think of allowing free admission to the Indian students."
"We have huge competition in the investment field, and we have opportunities in India as it has a huge population and talent. India has developed hi-tech industries and we believe there is a huge opportunity in India," he said.