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Mumbai is Taiwan’s next stop as its firms move far from China

July 6, 2023
Source: indianexpress.com indianexpress.com
News Snapshot:
AT A time when top Taiwanese tech firms are looking at relocating their manufacturing facilities away from China to India, Taiwan announced Wednesday that it will open a new office in Mumbai — its third in India, after Delhi and Chennai. This is being viewed as a strategic move by Taipei, as its ‘China-Plus-one’ strategy aims at encouraging businesses to expand their operations outside of China while maintaining their presence in that country. While India does not have formal diplomatic ties with Taiwan yet as it adheres to the One-China policy, Taiwan has established Taipei Economic and Cultural Centres in...
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