Taipei World Trade Center (TWTC), a Taiwanese government body to promote bilateral trade among countries, has announced that three Taiwanese Machine Tool companies are investing in India, Tongtai Machine Tool Company, Fair Friend Group and Chain Headway Machine Tool Company.

Post the Taiwanese Machine Tool Trade Show held in Chennai, this has generated on-site business and attracted industrial players from Taiwan. Following the huge success, Tongtai Machine Tool Company, the biggest manufacturer of special machines, will be setting up a Technical Research Center in North India and open the India office in Hyderabad.

The Fair Friend Group, the world leading industrial holding conglomerate with over 80 companies to invest and tie-up with India based local company to expand its operation in the Indian market. Chain Headway Machine Tool Company, the leading tools and accessories suppliers will collaborate with local dealers to develop high speed toolbars and cutters in the country.

Speaking on the occasion, Charles C. Li, Director General, Taipei Economic and Cultural Center said, “The AIEMA, Taiwanese expo generated keen business interest and attracted the best Machine Tool companies from Taiwan to invest in India.Through TWTC we are enabling the best of India and Taiwan to correspond and engage through strategic alliances that will benefit both the nationsWe are extremely keen on supporting the Indian government’s programme on ‘Make in India’.”

In the year 2015, the top tendestinations for Taiwan’s machine tool exports were China (including Hong Kong), United States, Turkey, Thailand, Germany, Vietnam, the Netherland, India, Japan and Russia.

Image Courtesy: www.twtc.com.tw