To support India’s vision of developing its manufacturing sector and diversifying its supply-side ecosystem(s), we are focusing on strengthening its partnership with Japan and Taiwan.
Both Japan and Taiwan are known for their world-class manufacturing capabilities - we are developing and fostering strategic partnerships / ventures with our partners there. They include manufacturing partnerships, technology transfer(s), and access to products from Taiwan / Japan. We will drive this change across sectors / areas, however, how do you eat a whale - bite by bite; which is our approach.
We have started with 'Intelligent Systems' as the primary focus for us as of now and will focus on it in the short-to-medium term.
India’s import from Japan was estimated to be USD 18.75Bn in 2024, growth of ~9.3% over the year before. Bilateral trade stood at USD 23.82Bn. Clearly not enough, there is just so much potential!
India bilateral trade with Taiwan was estimated to be USD 8.25Bn in 2023 (decline of 2.78% annually), substantially lower than their full potential. India imported goods worth USD 6.01Bn in 2024, this is absolutely not tenable and needs to be improved.
For reference, India's imports from China were estimated to be USD 121.97Bn in 2023; with bilateral trade totaling USD 137.2Bn for that year (1.5% increase). India exports to China were quite small (USD 16.2Bn) but increasing.
There is tremendous economic potential in India's relationship with Taiwan and Japan, we are working towards catalyzing it. We will break down cultural, business and trust barriers in our pursuit!
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.