The sixth edition of the much-anticipated Taiwan Expo India, which included exhibitions and networking events, got off to a fantastic start on Wednesday, September 28th. Mr. James Huang, Chairman of Taiwan External Trade Development Council (TAITRA), presided over the three-day multidimensional event virtually from Taiwan. Simultaneously, the physical expo welcomed guests at the World trade Centre, Mumbai as well.
This Taiwan Expo 2022, themed “Together Towards Tomorrow,” provided a fabulous and highly relevant foundation for interested Taiwanese brands to make breakthroughs into the Indian market, with unprecedented professional networking with existing and potential customers.
You will be surprised to know that The Taiwan External Trade Development Council’s (TAITRA) flagship event featured 26 leading brands highlighting 52 new releases spread across four themed pavilions at the physical exhibition and approximately 100 vendors in the virtual pavilion. Visitors also participated in this prestigious event physically and/or virtually thanks to the multimodal format.
This year, the expo has attracted the attention of over 500 Indian businesses, with over 500 registrations for B2B online meetings.
Visitors to the expo got a firsthand look at revolutionary technologies and latest equipment created by iconic Taiwanese brands in the categories of smart manufacturing, ICT, smart city, transportation, healthcare, lifestyle, beauty & skincare, and smart agriculture. Among the noteworthy exhibits are Yee Jee Technology’s Tire Sealant, National Chung Cheng University’s Bamboo Air Purifier, Rice Ear Ltd’s LUFT Cube-Portable Air Purifier, Advanced-Automobile Connectek’s Electronics, Charder Electronic Co Ltd’s MA601 Body Composition Analyzer, and First Rank Co Ltd’s SAEKO JET Racing Swimming Goggles S58UV.
Over 1,000 meetings were held during the three-day event in order to improve business opportunities between the two countries. A number of seminars and webinars on topics related to the industry were also held. What better platform than this to showcase Taiwan’s most recent offering in the technology and industrial solutions space? Indian buyers and traders are particularly interested in it.
The expo played a major role in establishing the economic, cultural, and educational ties between the two nations. Given their common beliefs and productive capacity, Taiwan and India’s accumulated FDI inflow from April 2000 to June 2022 was $755.84 million, demonstrating the good fit between the two nations. The expo will help the rapidly expanding trade between India and Taiwan, which increased by a staggering 185% from $2 billion in 2006 to $5.7 billion in 2021.
Taiwan Expo has managed to bring together 4000 exhibitors and over 420,000 visitors since its inception in 2017, generating business value in excess of USD 1.3 billion. The platform aims to open up a world of opportunities across industries to increase manufacturing capacity, find fresh ways to incorporate technology, and support business transformation.