Taiwanese technology companies are bullish on Indian market specially the Smart City project and are coming to the country to explore business opportunities.
“India’s FDI has increased significantly in last two years which is catching eye balls of global companies… The Smart City project announced by the government offers huge collaboration opportunity between India and Taiwan,” Taiwan External Trade Development Council Deputy Executive Director Scott Yang said at an event in New Delhi.
About 47 Taiwanese brands have come to India to participate in the Smart Cities India 2016 exhibition starting from May 11 and will meet Indian companies on May 13 to explore business opportunity in the country.
Taiwanse firms also shared brief presentation of their product at the event.
A firm MicroLife showcased two world patented technology -“Detection of atrial fibrillation (Afib)” and “three times average of blood pressure in one button (MAM Technology)”.
The company claimed it is the only BP device which measures blood pressure and atrial fibrillation (stroke alerts) at the same time.
“India’s population is huge and it offers lot of opportunity for Taiwanese firms. There are already 80 companies present in India including Foxconn, HTC, Acer, Asus. Taiwanese firms can collaborate with Indian companies and look at other destinations around like Asean region,” Yang said.