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New Delhi: India and Taiwan are marching ahead to ink the much-awaited Free Trade Agreement (FTA<\/a>). It will have prime focus on having a semi-conductor manufacturing hub in India by a Taiwanese company. If this gets through, it will be a win-win situation for both the parties as India aspires to become a global semi-conductor manufacturing hub and Taiwan wants to move away its business from China.
According to various reports India and Taiwan signed a landmark Bilateral Investment Agreement in 2018 to promote investment flow between the two sides. The Agreement seeks to ensure protection for Taiwanese investments in line with international standards, as well as the safety and rights of Taiwanese investors in India. India's latest 'Act East Policy<\/a>' and Taiwan's 'Southbound Policy<\/a>' too buttress the economic cooperation between the two.
The most immediate rationale in expanding the mutual cooperation lies in the setting that like many other Asian and South Asian countries including those of South Korea and Japan, Taiwan too seeks to pull out its investments out of the Chinese soil and reduce its dependence on the country.
This very well coincides with India's quest to become a digital hub. India is making all possible efforts to become technologically resilient.
China stands as the biggest export destination and the largest importing source of Taiwan. Taiwan faces lack of labour as an issue, especially skilled labour. This led the nation to set up manufacturing facilities on Chinese soil, which majorly contributed to Taiwanese import value from China. Of late, the island nation of Taiwan has been facing mounting political and military pressure from China. The latter has increased air incursions and been creating tension in the Taiwan Strait. This is one of the reasons that has prompted Taiwan to expand and collaborate with other countries and its move of having set up a semiconductor hub<\/a> in the US forms a part of this decision. Taiwan is also eyeing the possibility of establishing a representative office in Mumbai given the huge potential for investments and manufacturing in the states of Maharashtra and Gujarat.
The FTA<\/a> talks between the two nations are strongly pivoted around the proposal to build a semiconductor manufacturing<\/a> facility in India.
According to a paper by Observer Research Foundation, The Indian government has reportedly proposed several sites for the hub and negotiations are on to rope in one of Taiwan's leading semiconductor manufacturers. Names of companies like Taiwan Semiconductor Manufacturing<\/a> Company (TSMC<\/a>) and United Microelectronics Corporation (UMC) have come up in media reports as possible candidates for implementing this mega project.
If implemented, India will be the second hub of Taiwanese semiconductor manufacturers after the USA. However, the choice of location may be a difficult one as semiconductor production entails necessities like a pollution-free environment, an uninterrupted power supply, and the constant availability of a large amount of water.
As the global shortage of semiconductor chips continues and demand by Indian auto manufacturers and tech companies rises, an Indian manufacturing hub created by a Taiwanese company seems to be a win-win proposition for both countries.
The ORF paper analysed that production of semiconductors is a complicated process where the manufacturer uses numerous components from hundreds of other firms. Setting up a hub in India implies that companies like TSMC<\/a> and UMC have to convince these firms to set up their production facilities in India.
India's appetite for semiconductors is also rapidly increasing - estimated to touch $100 billion by 2025 from the current level of $2 billion. The Indian government also announced an outlay of Rs 76,000 crore (around $10 billion), under its production linked incentive (PLI) scheme, separately for the development of a semiconductor and display manufacturing electronics ecosystem.
In the last few years, India has been actively promoting cooperation with Taiwan in trade, investment, tourism, culture, education, and people-to-people exchanges. Both the countries have also constituted teams for the expansion of fruitful collaboration in education and skill development.
Indian Space Research Organisation (ISRO) and the Indian Institute of Space Science and Technology (IISST) are already collaborating with Taiwan's National Space Organisation on different projects. Another possible area of cooperation exists in green energy. India is an energy-deficient country but needs to make the transition from fossil-fuel-based energy to renewable green energy. On the other hand, Taiwan is one of the major Asian players in green energy and may turn into a game-changer for India in this transitory phase.
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印度可能有台湾半导体中心签署自由贸易协定
根据各种报道印度和台湾在2018年签署了一项具有里程碑意义的双边投资协议,促进双方投资流。该协议旨在确保保护台湾投资符合国际标准,以及台湾投资者在印度的安全与权益。印度的最新“东方政策行动”和台湾“南向政策”也支持两者之间的经济合作。
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新德里:印度和台湾游行前墨水期待已久的自由贸易协定(自由贸易协定)。这将主要集中在半导体制造业中心由台湾公司在印度。如果获得通过,这将是一个双赢的局面,双方在印度渴望成为全球半导体制造业中心和台湾想要从中国离开其业务。
根据各种报道印度和台湾在2018年签署了一项具有里程碑意义的双边投资协议,促进双方投资流。该协议旨在确保保护台湾投资符合国际标准,以及台湾投资者在印度的安全与权益。印度的最新的中东政策的行为和台湾的向南行进的政策“太支持两者之间的经济合作。
扩大相互合作的最直接的原因在于设置,就像许多其他亚洲和南亚国家包括韩国,日本,台湾也试图退出投资的中国土壤,减少对美国的依赖。
这很好正值印度申请成为数字枢纽。印度是让所有可能的努力成为技术有弹性。
中国是最大的出口目的地,台湾最大的进口来源。台湾面临缺乏劳动力作为一个问题,特别是熟练工人。这使得国家对中国土壤,建立生产设施主要导致了台湾从中国进口价值。近来,台湾的岛国已经面临越来越多的来自中国的政治和军事压力。后者增加了空气入侵,在台湾海峡制造紧张气氛。这是其中一个原因,促使台湾扩大与其他国家合作,其移动的设置半导体中心在美国形成了这个决定的一部分。台湾也关注在孟买设立代表处的可能性考虑到投资和制造业的巨大潜力在马哈拉施特拉邦和古吉拉特邦。
的自由贸易协定两国之间的会谈提议建立一个强烈旋转半导体制造设施在印度。
根据一份由观察家研究基金会,据报道,印度政府提出了中心和几个地点谈判是绳在台湾领先的半导体制造商之一。像台湾这样的公司的名字半导体制造公司(台积电)和联华电子(UMC)公司已经出现在媒体报道的候选人实施这一大型项目。
如果实现,印度将是第二个台湾半导体制造商在美国的中心。然而,位置的选择可能是一个困难的半导体生产需要生活必需品像一个无污染的环境,一个不间断电源,大量的水的持续可用性。
随着全球半导体芯片短缺仍在继续,由印度汽车制造商和科技公司的需求上升,印度制造业中心由台湾公司两国似乎是一个双赢的命题。
半导体的ORF论文分析,生产是一个复杂的过程,制造商使用许多组件从数以百计的其他公司。建立一个中心在印度意味着这样的公司台积电和联华电子必须说服这些公司在印度设立了自己的生产设施。
印度对半导体的需求也迅速增长,据估计,触摸1000亿美元到2025年从当前的20亿美元的水平。印度政府还宣布了一项支出的76000卢比(约100亿美元),在其生产与激励计划(PLI),分别发展的半导体和显示制造电子产品的生态系统。
在过去的几年里,印度一直积极促进合作与台湾在贸易、投资、旅游、文化、教育和人文交流。这两个国家也构成团队的扩张在教育和技能发展富有成效的合作。
印度空间研究组织(ISRO)和印度空间科学与技术研究院(IISST)已经与台湾合作国家空间组织在不同的项目。另一个可能的合作领域存在于绿色能源。印度是一个能源紧缺的国家,但从化石燃料为基础的能源需要过渡到可再生绿色能源。另一方面,台湾是亚洲主要的球员之一在绿色能源,可能变成一个改变对印度在这个过渡阶段。
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