Buoyed by the positive global sentiment on India, Taiwanese companies especially those from the machine tool industry are planning to participate in the Indian government's Make in India initiative. This comes even as bilateral trade between the two countries swelled to $ 6 billion in 2014 and over 70 Taiwanese companies have invested in India since 2013.

"We are extremely keen on supporting the Indian government's Make in India programme which can be transformative in nature as far as manufacturing is concerned. As the backbone of manufacturing, the machine tools industry has the potential to play a catalyzing role in Indian manufacturing.

Taiwanese companies can offer their machine tools in a broad spectrum of industries spanning aeroplanes, automobiles, watches, computers, auto ancillary, wind turbine parts, medical equipment and precision mould and help fuel India's growth. Many of the sectors in which we have expertise are those that have been identified as priorities under the Make in India programme", said Dr. Guann-Jyh Lee, Executive Director of Economic Division, Taipei Economic and Cultural Center in India.

The Indian government has unveiled an ambitious plan to increase the share of manufacturing in the GDP to 25 % from the present 16 % by 2022 and create 100 million additional jobs in manufacturing during the same period. The government has identified 25 sectors where India can become world leader under this programme.

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