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India<\/a> and Taiwan are in talks on an agreement that could bring chip manufacturing to South Asia along with tariff reductions on components for producing semiconductors by the end of the year, people familiar with the matter said, a move that may spark fresh tensions with China.
Officials in New Delhi and Taipei have met in recent weeks to discuss a deal that would bring a chip plant worth an estimated $7.5 billion to India to supply everything from 5G devices to electric cars, the people said. India is currently studying possible locations with adequate land, water and manpower, while saying it would provide financial support of 50% of capital expenditure from 2023 as well as tax breaks and other incentives, the people said.
Officials in Taipei wanted quick progress on a bilateral investment agreement that would include tariff reductions on dozens of products used to make semiconductors -- a precursor to a broader trade deal also under consideration, the people said.
The people asked not to be identified to discuss negotiations that were currently ongoing. The Office of Trade Negotiations under Taiwan’s cabinet declined to comment, while a spokesperson for India’s trade ministry didn’t immediately respond to a text message.
The trade talks come at a time when democracies across the world are boosting economic and military links to stand up against an increasingly assertive China. While Taiwan has long sought a trade deal with India, officials in New Delhi had been hesitant to anger Beijing, which claims the island democracy as its territory.
The discussions have accelerated in recent weeks as U.S. President Joe Biden seeks to shore up supplies of chips, strengthen supply chains among democracies and improve military capabilities in the region. On Friday, he met Indian Prime Minister Narendra Modi along with the leaders of Australia and Japan as part of the Quad meeting, a group that is countering China’s influence.
India has also taken a bolder stance against China since a protracted border standoff following violent clashes in 2020 in which at least 20 Indian and four Chinese soldiers were killed.
While India and Taiwan are laying the groundwork to discuss a comprehensive trade deal covering goods, services and investments, officials in Taipei are seeking to revise the investment deal to show some early progress.
India has sought to lure high-technology investments as it seeks to become more self-reliant on chips, while Taiwan wants to strengthen its diplomatic presence around the globe as it pushes back against the pressure from China. Beijing has vowed to work toward unifying the island democracy with the mainland, even by force if necessary.
Chip shortages have delayed the much-anticipated launch of a smartphone by billionaire Mukesh Ambani’s Reliance Industries that has been co-engineered with Google. Currently India imports almost all semiconductors to meet demand estimated to reach around $100 billion by 2025 from about $24 billion now.
Taiwan has welcomed cooperation between the two sides on semiconductors although it is still evaluating the proposal given a lack of ecosystem for setting up a chip fabrication plant in India, people familiar with the matter said. The Taiwan side has flagged concerns on the supply of water and electricity, and suggested that it may be more feasible for India to start creating a chip design sector first before proceeding to building fabs, according to one of the people.
India and Taiwan in 2018 signed a bilateral investment agreement to promote investment flows and expand economic ties between the two nations. Trade between them stood at $5.6 billion in the fiscal year ended March, according to India’s trade ministry.
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印度加速与台湾在7.5美元的芯片工厂,贸易协定
官员在新德里和台北最近几周开会讨论达成一项协议,将使印度价值估计有75亿美元的芯片工厂供应从5 g设备电动汽车。
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舒如提斯利瓦斯塔瓦& Miaojung林
印度和台湾谈判一项协议,将芯片制造南亚以及降低关税对组件生产半导体到今年年底,据知情人士说,此举可能引发新鲜与中国的紧张关系。
官员在新德里和台北最近几周开会讨论达成一项协议,将使印度价值估计有75亿美元的芯片工厂供应从5 g设备电动汽车。印度目前正在研究可能的位置足够的土地,水和人力,同时表示将提供金融支持的资本支出从2023年的50%以及减税和其他优惠措施,。
官员在台北希望快速进展一项双边投资协议,包括关税降低数十种产品用于制造半导体——前身更广泛的贸易协议也正在考虑,。
要求不透露姓名的人,讨论目前正在进行的谈判。贸易谈判在台湾内阁办公室拒绝置评,而印度贸易部长发言人没有立即回应记者的短信。
贸易谈判之际,世界各地的民主国家促进经济和军事链接站起来反对日益自信的中国。尽管台湾一直寻求与印度的贸易协议,官员在新德里愤怒都不敢去北京,号称台湾民主作为其领土。
讨论加速在最近几周,美国总统拜登(Joe Biden)寻求支撑的芯片供应,加强供应链在民主国家和改善该地区的军事能力。周五,他会见了印度总理纳伦德拉•莫迪连同澳大利亚和日本的领导人作为四会议的一部分,一群对抗中国的影响力。
印度也采取了大胆的立场对中国长期以来边境对峙后,2020年的暴力冲突中,至少有20印度和四名中国士兵丧生。
而印度和台湾奠定了基础,讨论全面贸易协定涵盖货物、服务和投资,在台北官员正试图修改投资协议显示一些早期的进步。
印度试图吸引高科技投资,以更加自力更生的芯片,而台湾希望加强其外交存在世界各地,因为它不断对抗来自中国的压力。中国政府发誓要努力与大陆统一台湾的民主,甚至使用武力。
芯片短缺已经推迟了万众期待的推出智能手机由亿万富翁穆凯什•安巴尼的信实工业co-engineered了谷歌。目前印度进口几乎所有半导体来满足需求估计到2025年将达到约1000亿美元从现在的约240亿美元。
台湾欢迎合作双方在半导体尽管还评估缺乏生态系统给出的建议设立一个芯片制造厂在印度,知情人士说。台湾方面标记对水和电的供应的担忧,并暗示它可能是更可行的印度开始创建一个芯片设计部门先进行建筑晶圆厂,据一位。
印度和台湾在2018年签署了一项双边投资协议,促进投资和扩大两国之间的经济关系。它们之间的贸易站在截至3月的财年的56亿美元,根据印度贸易部长。
印度和台湾谈判一项协议,将芯片制造南亚以及降低关税对组件生产半导体到今年年底,据知情人士说,此举可能引发新鲜与中国的紧张关系。
官员在新德里和台北最近几周开会讨论达成一项协议,将使印度价值估计有75亿美元的芯片工厂供应从5 g设备电动汽车。印度目前正在研究可能的位置足够的土地,水和人力,同时表示将提供金融支持的资本支出从2023年的50%以及减税和其他优惠措施,。
官员在台北希望快速进展一项双边投资协议,包括关税降低数十种产品用于制造半导体——前身更广泛的贸易协议也正在考虑,。
要求不透露姓名的人,讨论目前正在进行的谈判。贸易谈判在台湾内阁办公室拒绝置评,而印度贸易部长发言人没有立即回应记者的短信。
贸易谈判之际,世界各地的民主国家促进经济和军事链接站起来反对日益自信的中国。尽管台湾一直寻求与印度的贸易协议,官员在新德里愤怒都不敢去北京,号称台湾民主作为其领土。
讨论加速在最近几周,美国总统拜登(Joe Biden)寻求支撑的芯片供应,加强供应链在民主国家和改善该地区的军事能力。周五,他会见了印度总理纳伦德拉•莫迪连同澳大利亚和日本的领导人作为四会议的一部分,一群对抗中国的影响力。
印度也采取了大胆的立场对中国长期以来边境对峙后,2020年的暴力冲突中,至少有20印度和四名中国士兵丧生。
而印度和台湾奠定了基础,讨论全面贸易协定涵盖货物、服务和投资,在台北官员正试图修改投资协议显示一些早期的进步。
印度试图吸引高科技投资,以更加自力更生的芯片,而台湾希望加强其外交存在世界各地,因为它不断对抗来自中国的压力。中国政府发誓要努力与大陆统一台湾的民主,甚至使用武力。
芯片短缺已经推迟了万众期待的推出智能手机由亿万富翁穆凯什•安巴尼的信实工业co-engineered了谷歌。目前印度进口几乎所有半导体来满足需求估计到2025年将达到约1000亿美元从现在的约240亿美元。
台湾欢迎合作双方在半导体尽管还评估缺乏生态系统给出的建议设立一个芯片制造厂在印度,知情人士说。台湾方面标记对水和电的供应的担忧,并暗示它可能是更可行的印度开始创建一个芯片设计部门先进行建筑晶圆厂,据一位。
印度和台湾在2018年签署了一项双边投资协议,促进投资和扩大两国之间的经济关系。它们之间的贸易站在截至3月的财年的56亿美元,根据印度贸易部长。
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